Key Developments: Capita PLC (CPI.L)

CPI.L on London Stock Exchange

1,202.00GBp
31 Jul 2014
Price Change (% chg)

-33.00p (-2.67%)
Prev Close
1,235.00p
Open
1,228.00p
Day's High
1,233.00p
Day's Low
1,194.00p
Volume
2,202,708
Avg. Vol
1,231,271
52-wk High
1,248.00p
52-wk Low
925.04p

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Latest Key Developments (Source: Significant Developments)

Capita PLC Announces Acquisition Of iQor Holdings UK Ltd
Friday, 1 Mar 2013 03:48am EST 

Capita PLC announces that it has acquired iQor Holdings UK Ltd and subsidiaries (iQor UK), from its US parent company, for an enterprise value of GBP42 million, comprising a cash consideration of GBP40.5 million on a cash free, debt free basis and the assumption by Capita of a pension deficit of GBP1.5 million (net of tax relief). iQor UK provides outsourced debt collection services to both the public and private sectors in the UK, helping companies and organisations to manage high risk customers and ensure revenue collection.  Full Article

Capita PLC Recommends Final Dividend
Thursday, 28 Feb 2013 02:00am EST 

Capita PLC announced that the Board has recommended a final dividend of 15.6 pence per ordinary share (2011: 14.2 pence), making a total of 23.5 pence for the year (2011: 21.4 pence) representing an increase for the year of 10%. The final dividend will be payable on May 28, 2013 to shareholders on the register at the close of business on April 19, 2013.  Full Article

Capita PLC Secures Extended Contract For Civil Service Training
Thursday, 28 Feb 2013 02:00am EST 

Capita PLC announced that the Cabinet Office has extended its contract to exclusively manage the provision of training across the Civil Service for a further two years from February 2014 to the end of March 2016. Capita anticipates that it will generate revenues of at least GBP30 million per annum over the two year extension. The initial 11 months of the contract has seen Capita directly deliver 41% of training with the remaining 59% procured on the open market compared to the 49/ 51 contractual obligation. The contract was also targeted to broaden the involvement of small and medium sized enterprises (SMEs) across Government and to date the majority (72%) of open market training delivered has been by SMEs.  Full Article

Capita PLC To Acquire Northgate Managed Services Ltd
Thursday, 14 Feb 2013 02:00am EST 

Capita PLC announced that it has agreed to acquire Northgate Managed Services Ltd (NMS) from Northgate Information Solutions for an enterprise value of GBP65 million. This comprises GBP22 million payable in cash consideration and, in addition, the assumption by Capita of a pension deficit of GBP17 million net of tax relief and finance leases for equipment used in the business of GBP26 million.  Full Article

Capita PLC Signs Contract With Carphone Warehouse
Wednesday, 6 Feb 2013 10:01am EST 

Capita PLC announced that it has signed a contract with Carphone Warehouse to support all aspects of its customer service strategy. The contract is worth around GBP160 million over 10 years. Capita's role will be to provide all non-store customer contact in a number of different areas across Carphone Warehouse's business. The new service is expected to commence on April 1, 2013.  Full Article

Capita PLC Signs Contract With Staffordshire County Council
Thursday, 20 Dec 2012 05:00am EST 

Capita PLC announced that it has signed a contract to create an educational support services joint venture (JV) with Staffordshire County Council. The JV, in which Capita holds a majority stake, will initially deliver a range of educational support services for schools and academies in the Staffordshire region. These services are expected to generate revenues of approximately £85m per annum over 20 years. The JV will additionally focus on achieving growth through securing new local authority, school, academy and further and higher education clients across the UK. With the UK schools education support services market currently estimated to be worth around GBP16billion per year, the JV is targeting total revenue of at least GBP2billion over the first 10 years. To support the delivery of these key services, around 3,800 Council employees will TUPE transfer to the JV from April 1, 2013. Capita previously announced that it had been selected as preferred bidder by Staffordshire County Council on November 27, 2012.  Full Article

Capita PLC Signs Northern Ireland PIP Contract
Wednesday, 21 Nov 2012 05:03am EST 

Capita PLC announced that it has signed a contract with The Northern Ireland Social Security Agency for delivery of assessments for the new Personal Independence Payment (PIP) in Northern Ireland. The contract will be worth approximately GBP65 million over five years.  Full Article

GSK clips wings of UK's FTSE after warning

* Strong figures from Capita, BHP Billiton keep index afloat

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