Further re Disposal - Listing Rule change - General Meeting adjourned
Capita One disposal to MRI Software no longer requires shareholder approval following Listing Rule changes; General Meeting adjourned.
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On 9 July 2024, Capita plc ("Capita") announced the sale of its standalone software business ("Capita One"), via the sale of Capita One Limited by Capita Business Services Ltd, to Orchard Information Systems Limited, a wholly-owned subsidiary of the MRI Software, LLC (the "Disposal").
Further to the announcement by Capita on 15 July 2024, following changes to the Listing Rules that have taken effect today, completion of the Disposal is no longer conditional upon the approval of Capita shareholders. As set out in the shareholder circular in relation to the Disposal, the notice convening a general meeting of Capita which was held at 12:00 p.m. today (the "General Meeting") and the announcement by Capita on 15 July 2024, in such circumstances it is intended that the General Meeting be permanently adjourned without proceeding with a vote in respect of the Disposal.
Capita confirms that the General Meeting was today opened and permanently adjourned.
The Disposal is expected to complete towards the end of August, subject to notification and confirmation from the Secretary of State that no further action will be taken under the UK's National Security and Investment Act.
About MRI Software
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.