Computacenter PLC Trading Statement (3790W)

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RNS Number : 3790W

Computacenter PLC

14 November 2017

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.

FOR IMMEDIATE RELEASE

Computacenter plc

Trading Update - 14(th) November 2017

Computacenter plc ("Computacenter" or the "Group"), the provider of IT infrastructure services that enables users, today publishes a trading update.

Following a strong start to the fourth quarter and the visibility of a growing pipeline for the rest of 2017, Computacenter's Board believes that the Group's trading result for the 2017 financial year will now be comfortably in excess of its previous expectations, which were set out in the interim results announcement on 25th August 2017 and last confirmed in the trading update issued on 27th October 2017.

Computacenter stated in its interim results announcement that it intended to make a one-off return of value to Shareholders in the fourth quarter of 2017. The Company remains committed to a return of value of approximately GBP100 million, which it intends to undertake by way of a tender offer for ordinary shares. However, due to the increases in profit expectations as a result of strong trading performance during 2017, the Board now believes it would be inappropriate to launch a tender offer in the fourth quarter of 2017. As such, the Company will launch a tender offer on 23rd January 2018, the day after the release of its full-year trading update on 22nd January 2018, when the Board will be in a position to provide greater clarity on the trading result for 2017.

Notice for US Shareholders

The tender offer will be made in reliance on the exemption provided by Rule 14d-1(c) under the US Securities Exchange Act of 1934, and otherwise in accordance with the requirements of US and UK law. Accordingly, the tender offer will be subject to the legal provisions of the United Kingdom regarding the implementation and disclosure requirements for such an offer, which differ from those that may normally be applied in the United States.

 
 Enquiries: 
 Computacenter 
  plc 
 Mike Norris, Chief 
  Executive                01707 631601 
 Tony Conophy, 
  Finance Director         01707 631515 
 Tulchan Communications 
                           020 7353 
 James Macey White          4200 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 14, 2017 02:00 ET (07:00 GMT)