Member Info for Trisor

@JG - they said expected end of august but timing of an SoS approval can’t be known. If anything they should have been clearer about a possible September completion

Chaps it’s quite simple this is a conditional deal. Very likely that The deposit will only get retained by Capita if the buyer breaches not if the conditions are not satisfied. The remaining condition appears to be government approval. There is also very likely a long stop date whereby if the conditions are not met by a specific date, the deal will be off and the deposit returned. Capita would then keep a profitable business.

As it appears the only condition is government approval the correct question to ask is whether that has occurred. If it has, in theory (and provided there are no other conditions) completion should occur unless one party fails to complete. Whereupon and if it’s the buyer, capita would keep the deposit and have a right of action against the buyer and the guarantors

@No Fear-its a condition of the deal that the SOS approves. The company expected this to come through quicker. The pertinent question for HP would have been has that approval been obtained. Im awaiting a response from IR

The sale of Capita One is a Class 1 transaction under the current Listing Rules and is conditional on the approval of Capita's shareholders (to the extent such approval is required by the Listing Rules as may be amended or replaced by the FCA) with a shareholder circular (the Circular) to be published in due course including a timetable for a General Meeting of Capita shareholders; and notification and confirmation from the Secretary of State that no further action will be taken under the UK's National Security and Investment Act.

Proposed changes to the Listing Rules, including changes to the rules relating to Class 1 transactions, (the New Listing Rules) are expected to be finalised and implemented early in the second half of 2024. If the New Listing Rules are implemented as currently proposed and become effective prior to Completion, they would not require the Disposal to be conditional upon the approval of Shareholders. If, prior to the General Meeting, the FCA announces that the New Listing Rules will become effective before the Completion, the Company would permanently adjourn the General Meeting and the Disposal would cease to be conditional on the approval of Capita's shareholders. The Company would give notice of this by issuing an announcement through a Regulatory Information Service.

We know shareholder approval was not needed .

The deposit would be returnable if the government /fact approval was not forthcoming

@ Trenners isnt the CI deal conditional on FCA approval or some other government approval ?

Yesterday I was being criticised by Oxford for mentioning him yet several posts below seem to be some sort of "call to the wild" for me to engage

Oxford , if you have invested on a "mid to long term basis" based on finding No Fear hilarious good luck and welcome but can you stop now, because ever since you started the sp has dropped.

@Okey. In fact Oxford “really only invested as I find NoFear quite funny…..”

I mean people invest for all sorts of reasons but this one is a new one on me. I mean I would get investing on a short term trade for a quick turn but then this was followed up by a statement about usually investing for the mid to long term. So to paraphrase Oxford has invested for the mid to long term because he found No Fear humorous . I mean this is typical of a banker with 30 years experience isn’t it?

Oxford I’m entitled to not believe you or think you may be some paid actor . It’s a free country . The majority of your earlier posts did Capita down . Many queried why you were on here. A hot shot successful banker of 30 years - non invested . Then you started taking the mick out of NF for wanting pennies. Then out of the blue you sink 70k into capita accentuating the point that this is not a typical investment.

As I said in my first post if you are a genuine long term holder welcome and good luck. But so far you’ve called me stupid , a liar and a stalker (when you hasn’t realised post count was on the screen in front of yours eyes) . Now do kindly bog off

Oxford if you are going to call me an idiot for being very sceptical of your posts generally and motivation , please do not engage me. The fact you are so wound up enough to insult me because I’m a sceptic is an indication of a scammer and there are plenty of videos online to prove that

@Trenners - I think you’ve hit the nail on the head with that post.

Oxford , what I think is unimportant . If you are truly a proposed long term shareholder in Capita welcome and good luck .

But I’m much too long in the tooth to trust the word of a faceless poster on the internet

@Oxford. I pay here for live data . There is no 15 minute delay.

Despite your message I’m highly sceptical . Sorry , based on your other posts in the round

I don’t for one minute believe Oxford has made a 30 k investment and there is over a 50/50 chance Oxford and keyboard are the same poster

It’s incredible how people like Oxford and Nofear initial inclination is to make this Capita’s fault. So the question is why is their default position to accentuate the worst case scenario?

The article recites as follows:-

Capita told Pulse that it was factually incorrect to state that missing years are due to PCSE’s ‘mismanagement’ of pension records.

They claimed that over 15,000 GPs have not submitted the necessary Type 1 or Type 2 forms for one or more pension years in which they have been an active scheme member, and without these forms PCSE are unable to update their record.

A Capita spokesperson told Pulse: ‘We reject the BMA’s assertion that missing pensions records are the result of PCSE mismanagement.

‘We are currently waiting on responses from more than 8,000 GPs who need to provide certificates to resolve missing years in their pensions records. More than 3,000 cases submitted to us after the 31 March deadline are still being processed.

‘It is not appropriate or helpful to advise all GPs who have missing years to raise a complaint, when we may be awaiting action from GPs and when an increase in spurious complaints will simply lead to delays.

Oxford have you invested?

Everyone knows it .

Yes Bubbles but you get used to it or habitualised . lol

Chaps the price just ticked down to 18.10 . I just invested a further £50 and hoping for stellar returns but might sell at the end of the day at a loss depending how I feel . Just thought I would share

Cheers Broomtree