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LONDON - Capita plc has issued a correction for the scheduling of its 2025 Annual General Meeting (AGM), now set for 10.30 a.m. on Monday, April 28, 2025, at the Storey Club in London. The company had previously announced an incorrect date for the event. This announcement follows the publication of the company’s 2024 Annual Report and a circular detailing proposals for optimizing its balance sheet.
The proposals, first mentioned in the Full Year Results Announcement on March 5, include a reduction of the share premium account and a consolidation of the company’s ordinary shares. The share premium reduction aims to enhance Capita’s ability to return value to shareholders in the future. Additionally, the share consolidation would see every 15 ordinary shares of 2 1/15 pence each consolidated into one ordinary share of 31 pence.
The circular provides shareholders with background information and reasons for these changes, as well as details regarding the required court approval process for the share premium reduction. An expected timetable for the share premium reduction and share consolidation has been outlined, with key dates including the last day to trade existing ordinary shares on April 28, 2025, and the expected date of admission for new ordinary shares on the London Stock Exchange (LON:LSEG) at 8.00 a.m. on April 29, 2025.
Capita has made the 2024 Annual Report and the circular available on its website and has posted these documents to shareholders. The company has also complied with Listing Rule 6.4.1 by uploading the documents to the National Storage Mechanism for public inspection.
The AGM will address the business and voting procedures detailed in the 2025 AGM Notice. Shareholders are encouraged to review the circular and AGM notice in full to understand the implications of the proposed changes. This announcement, based on a press release statement, serves as a factual summary of the key points and does not substitute for reading the full documents.
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