Additional cash from Ess Merger31 Jul 2021 11:06
What's interesting is, when JL was interviewed by I think daily mail about capitas transformational plan, a month ago, where he stated capita has turned a corner, there was a bit in there where he mentioned the big contracts but what drew me was where he said about the disposals and proceeds from the disposal specific to ess, saying something like, if ess merger was approved by regulators or not to release £50 million to the benefit of capita, it wasnt something they were pinging their hopes on, it was as if he didn't care if he hadn't got the proceed as it wasn't seen as a deal breaker and wasn't factored in when making statement about grown this year and cash in flow next year. In other words, capita received £50 million more to strengthen balance which they wouldn't have had if regulators didn't approve which at the time wasn't factored in within this interview.