It's official – Why RXP Services (ASX:RXP) shares de-listed from the ASX

Looking for RXP Services shares on the ASX? Here's why you won't find it anymore. And why shareholders banked some hefty gains.

asx share price resignation represented by man kicking miniature man through the air

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

RXP Services Ltd (ASX: RXP) was removed from the official list of ASX Limited at the closing bell yesterday.

This follows on from the digital services company's announcement on Friday that the scheme of arrangement regarding its acquisition by Capgemini Australia Pty Limited – a wholly-owned subsidiary of Capgemini SE (EPA: CAP) – had been implemented.

Capgemini is now the sole shareholder in RXP, in a deal the French consulting giant first announced it was pursuing in early November 2020. The RXP share price surged 54% on the day of the announcement.

RXP share price lifted 148% in 12 months

RXP shareholders received 50 cents per share plus a 5-cent special dividend for a total cash consideration of 55 cents per share. That's 148% more than the 22 cents per share RXP Services was trading for on 30 March last year.

Findex's Corporate Finance Division advised RXP on its successful sale in a deal Findex reports is valued at over $100 million.

Capgemini was advised by Luminis Partners and Herbert Smith Freehills.

Commenting on the completion of the deal Findex Senior Partner Simon Gennari said:

The transaction represents strong value for RXP shareholders being undertaken at a significant premium to the pre-bid share price. Capgemini will benefit from a committed team with a great customer base, adding strongly to their market position.

We're delighted to have supported RXP Group in their successful sale to Capgemini, which marks one of our largest transactions to date.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

12 ASX 200 shares that smashed historical peak prices today

Twelve ASX 200 shares rose to new multi-year peaks in an otherwise quiet day of trading.

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors saw another day of mild gains for the stock market this Thursday.

Read more »

Two boats on the water with crates with the words trade war in the middle.
Share Market News

Trump's tariffs blocked by trade court: Which ASX 200 stocks could benefit the most?

These 3 ASX 200 stocks have heavy tariffs exposure.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Broker Notes

How this undervalued ASX All Ords share could rocket 80% in a year

A leading fund manager expects a big turnaround for this beaten-down ASX All Ords stock.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Champion Iron, Clarity Pharmaceuticals, St Barbara, and Woodside shares are charging higher today

These shares are having a good session today. But why are investors buying them?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why ALS, Black Cat, Boss Energy, and Soul Patts shares are falling today

These shares are falling on Thursday. Let's find out why.

Read more »

A car dealer stands amid a selection of cars parked in a showroom.
Broker Notes

Up 77% in a year, guess how much more upside Macquarie tips for Eagers Automotive shares

Macquarie released its latest analysis on Eagers Automotive fast rising shares this morning.

Read more »

Boy looks quizzical standing in front of a graph.
Share Market News

Big ASX 200 news! Stock market whipsaws as Trump's tariffs struck down

Markets initially surged on news that Trump's tariffs are out.

Read more »