REG-Capita PLC: Sale of Pay360 Limited

CapitaAnnouncement

01/12/2022 07:15

Thursday 1 December 2022

Capita plc

Sale of Pay360 Limited

Completion of the sale of Pay360 Limited

Capita plc (“Capita”) has today completed the sale of its Pay360 Limited
business to Access PaySuite Ltd, a division of The Access Group, on the terms
as announced on 16 September 2022.

The completion of the transaction follows receipt of the necessary regulatory
and Capita shareholder approvals. The sale proceeds of c.£156m will, post the
deduction of transaction costs, further reduce net debt and provide additional
liquidity for Capita which together will further strengthen Capita’s balance
sheet. 

For more information please contact:

Investor enquiries
Stuart Morgan
Director of Investor Relations
Tel: 07989 665484
Email:  (mailto:Email:%C2%A0IRteam@capita.co.uk) IRteam@capita.co.uk

Media enquiries
Capita external communications
Tel: 0207 654 2399
Email:  (mailto:Email:%C2%A0media@capita.co.uk) media@capita.co.uk

LEI no. CMIGEWPLHL4M7ZV0IZ88

About Capita

Capita is a consulting, transformation and digital services business. Every
day our 52,000 colleagues help millions of people, by delivering innovative
solutions to transform and simplify the connections between government and
citizens, businesses and customers. We partner with our clients and provide
the insight and cutting-edge technologies that give time back, allowing them
to focus on what they do best and making people’s lives easier and simpler.
We operate across three divisions – Capita Public Service, Capita Experience
and Capita Portfolio – in the UK, Europe, India and South Africa. Capita is
quoted on the London Stock Exchange (CPI.L). Further information can be found
at: www.capita.com.

Important Notices

This announcement is an announcement and not a circular or prospectus or
equivalent document and prospective investors should not make any investment
decision on the basis of its contents. Nothing in this announcement
constitutes an offer of securities for sale in any jurisdiction.

If you are in any doubt as to what action you should take in relation to this
announcement, you are recommended to seek your own personal financial advice
immediately from your stockbroker, bank manager, solicitor, accountant or
other independent financial adviser authorised under the Financial Services
and Markets Act 2000, or from another appropriately authorised independent
financial adviser.

This announcement is not for release, publication or distribution, in whole or
in part, in, into or from any jurisdiction where to do so would constitute a
violation of the relevant laws of that jurisdiction. Persons into whose
possession this announcement comes should inform themselves about, and
observe, such restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities laws of any such jurisdiction.

ENDS



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