Capita Regulatory News (CPI)

23 October 2013 Capita acquires ParkingEye Capita plc has today announced that it is acquiring ParkingEye, a provider oftechnology based car parking services, for an enterprise value of £57.5 millionon a cash free debt free basis. ParkingEye's automatic number plate recognition (ANPR) based management systemis used by clients to provide remote enforcement, management information andalerting systems. The technology, which is adaptable across market sectors, isdesigned to ensure that car parks are used by individuals with a legitimateright to use them and allows clients to retain a fair approach to parkingcharges and cancellations. The business currently provides services to clientssuch as Aldi, Morrisons and British Land. ParkingEye is forecasting an operating profit of £8.1 million on turnover of £25.8 million in its financial year to 31 August 2014. Speaking of the acquisition, Capita chief executive Paul Pindar said: "Thisacquisition will allow Capita to develop a complete and sophisticated car parkmanagement and enforcement business for new and existing clients in leisure,local government, the NHS, education and the retail industry, includingCapita's extensive customer base. It has synergies with our existing cashcollection and payment processing business and will allow us to offer clientsthe benefits of a well-managed car park, creating availability for customers,citizens and patients." The acquisition will be satisfied in cash of £54.8m (£23.9m payable oncompletion and £30.9m payable at certain times during the period up to andincluding February 2014) and the issue of 413,421 ordinary shares of 2 1/15peach in Capita plc (`Consideration Shares') to certain selling shareholders. Based in Chorley, Lancashire, ParkingEye has around 160 employees, managingmore than 830 car parks across the UK. -ends- Notes: 1. The price per share at which the Consideration Shares are issued is 980.75p(being equal to the closing mid market price of an ordinary share of Capita plcon 21 October 2013). 2. Application has been made for the Consideration Shares to be admitted to thepremium listing segment of the Official List of the Financial Conduct Authorityand to trading on the main market of the London Stock Exchange plc (together`Admission'). It is expected that Admission will take place at 8.00 a.m. on 24October 2013 at which time dealings in the Consideration Shares will commence.The Consideration Shares, when issued, will be fully paid and will rank paripassu in all respects with the existing ordinary shares of Capita plc includingthe right to receive all dividends and other distributions declared, made orpaid after the date of issue of the Consideration Shares. For further information: Capita plcTel: 020 7799 1525Paul Pindar, Chief Executive OfficerShona Nichols, Corporate Communications Director Media enquiries only: Capita press officeKirsty SewterTel: 020 7654 2386 or 020 7654 2399 (out of hours)Email: kirsty.sewter@capita.co.uk Capita plc is the UK's leading provider of business process management andintegrated professional support services. With 62,000 people at more than 350sites, including 70 business centres across the UK, Europe, India and SouthAfrica, the Group uses its expertise, infrastructure and scale benefits totransform its clients' services, driving down costs and adding value. Capita isquoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with 2012 revenue of £3.3 billion. Further information on Capita plc can befound at: www.capita.co.uk