CCC Computacenter Plc

RNS Number:9697D
Computacenter PLC
05 June 2006


PROPOSED RETURN OF CAPITAL AND NOTICE OF EXTRAORDINARY GENERAL MEETING

In the announcement at our AGM meeting on 5 May 2006 we stated that we were
proceeding with our plans to return #75 million to shareholders. Today we are
posting a Circular to shareholders with further details of the proposed return
of capital and convening an Extraordinary General Meeting, to be held at 10.00am
on 28 June 2006, to obtain all necessary shareholder approvals for its
implementation.

The return of capital is being made using a B share structure, which has been
designed to ensure equal participation by all shareholders, with each
shareholder on the register of members as at 30 June 2006 receiving one B share
for each existing ordinary share. The B shares will each have a nominal value of
39 pence and the total nominal value of the B shares issued will be
approximately #74.4 million. The B shares will not be listed and will be
redeemed at their nominal value of 39 pence per share on 4 July 2006.

In connection with the return of capital, the Board is also proposing a share
capital consolidation such that shareholders will receive 5 new ordinary shares
for every 6 existing ordinary shares. The intention is that, subject to normal
market movements, the share price of one new ordinary share immediately after
the share capital consolidation should be approximately equal to the share price
of one existing ordinary share immediately beforehand. The total number of
shares in issue will be reduced as a result of the share capital consolidation,
reflecting the return of 39 pence per share. Subject to the approval of
shareholders, the Financial Services Authority and the London Stock Exchange,
the Board expects trading in the new ordinary shares to commence on the London
Stock Exchange on 3 July 2006.

Computacenter plc has forwarded copies of the Circular to the Financial Services
Authority pursuant to Listing Rule 9.6.1 and copies will shortly be available to
the public for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at: Financial Services Authority, 25 The North
Colonnade, Canary Wharf, London, E14 5HS (Telephone: + 44 20 7066 1000).

For further information please contact:

Computacenter plc:
Mike Norris, Chief Executive                           01707 631 601
Tony Conophy, Finance Director                         01707 631 516
Tessa Freeman, Investor Relations                      01707 631 514

HSBC Bank plc:
Nick Donald                                            020 7992 2151
Giles Lambert                                          020 7992 2173

Tulchan Communications:
Stephen Malthouse                                      020 7353 4200

HSBC Bank plc, which is regulated in the United Kingdom by the Financial
Services Authority, is acting as financial adviser and corporate broker to
Computacenter plc and is acting for no-one else in connection with the return of
capital and will not be responsible to anyone other than Computacenter plc for
providing the protections afforded to customers of HSBC Bank plc nor for
providing advice to any other person in relation to the return of capital or any
other matter referred to in this announcement or the Circular.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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