On 4 October 2015, in response to press speculation, Xchanging plc ('Xchanging') announced that it had received separate approaches from Capita plc ('Capita') and Apollo Global Management, LLC ('Apollo') which might or might not lead to an offer being made for Xchanging. In accordance with Rule 2.6(a) of the Takeover Code (the 'Code'), each of Capita and Apollo was required by not later than 5.00 pm on 2 November either to announce a firm intention to make an offer for Xchanging in accordance with Rule 2.7 or to announce that it did not intend to make an offer, in which case the announcement would be treated as a statement to which Rule 2.8 applied. Under Rule 2.8, a person who has announced that it has no intention of making an offer for a company is restricted for a period of six months for, among other things, announcing an offer for that company.

Xchanging plc issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 17:21:19 UTC

Original Document: http://www.xchanging.com/regulatory_news_article/42960