Blueprint
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
Month of: May 2018
Commission
File Number: 333-219678
MICRO FOCUS INTERNATIONAL PLC
(Exact name of registrant as specified in its charter)
The Lawn, 22-30 Old Bath Road
Newbury, Berkshire
RG14 1QN
United Kingdom
+44 (0) 1635-565-459
(Address of principal executive office)
Indicate
by check mark whether this registrant files or will file annual
reports under cover of
Form
10-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by
Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by
Regulation S-T Rule 101(b)(7): ☐
Exhibit No.
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Exhibit Description
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99.1
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Pre-Close
Statement, dated 16 May 2018
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16 May 2018
Micro Focus International plc
Pre-Close Statement for the six months ended 30 April
2018
Micro
Focus International plc ("Micro Focus", "the Company" or "the
Group", LSE: MCRO.L, NYSE: MFGP), the international software
product group, provides an update on the trading performance for
the six months ended 30 April 2018.
Micro
Focus expects to report revenues better than the management
guidance of minus 9% to minus 12% on a constant currency basis,
compared to the proforma six months ended 30 April 2017. However,
this performance includes an unusually large licence deal of
approximately $40 million, which closed earlier than expected.
Excluding this deal, the Group's underlying revenue was towards the
better end of the guidance range.
The
Group reiterates the constant currency revenue guidance for the
twelve months ending 31 October 2018 of minus 6% to minus 9%
compared to the proforma 12 months ending 31 October 2017. In
addition, management reiterates that, at the midpoint of the
revenue guidance range, the Company expects to achieve an Adjusted
EBITDA margin percentage of approximately 37% in the 12 months to
31 October 2018.
As
stated in the 19 March 2018 trading update, DSOs remain elevated in
the short term, and net debt is expected to improve to
approximately $4.2 billion by 31 October 2018, in line with market
consensus.
"The
Micro Focus team is making encouraging progress on improving both
the discipline and speed of execution within the business, whilst
also sharpening the focus on our primary purpose - delivering great
software products to meet the needs of our customers. This customer
centred innovation lies at the heart of our strategy and business
model to deliver sustainable shareholder returns," commented
Stephen Murdoch, CEO, Micro Focus. "We look forward to
providing detail on this progress and our operational priorities at
our forthcoming interim results."
Interim Results date
As
previously announced, Micro Focus will issue its interim results
for the six months ended 30 April 2018 on Wednesday 11 July
2018.
Enquiries:
Micro Focus
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Tel: +44 (0) 1635 32646
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Chris Kennedy, Chief Financial Officer
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Tim Brill, IR Director
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Powerscourt
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Tel:
+44 (0) 20 7250 1446
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Elly
Williamson
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Celine
MacDougall
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About Micro Focus
Micro
Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software
Company supporting the technology needs and challenges of the
Global 2000. Our solutions help organizations leverage existing IT
investments, enterprise applications and emerging technologies to
address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com.
SUSE, a pioneer in Open Source software, provides reliable,
interoperable Linux, Software Defined Infrastructure and
Application Delivery platforms that give customers greater control
and flexibility while reducing cost. For more information,
visit: www.suse.com.
1 NTD: The Company must promptly file
current reports on Form 6-K furnishing any of the following
information:
●
material non-public
information that was made public under English law;
●
information that
was filed with and made public by on the London Stock Exchange on
which the Company’s securities are listed; and
●
information that
was distributed or required to be distributed to security
holders.
Examples
of information or events required to be filed on Form 6-K include:
changes in business; changes in management or control; acquisitions
or dispositions of assets; bankruptcy or receivership; changes in
certifying accountants; the financial condition and results of
operations; material legal proceedings; changes in securities or in
the security for registered securities; defaults upon senior
securities; material increases or decreases in the amount
outstanding of securities or indebtedness; the results of the
submission of matters to a vote of security holders; transactions
with directors, officers or principal security holders; the
granting of options or payment of other compensation to directors
or officers; and any other information which the Company deems of
material importance to security holders. See also “Micro
Focus - Now You Are Public Memorandum” dated April 20, 2017
for more information.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereto duly authorized.
Micro
Focus International plc
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By:
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/s/
Mike Phillips
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Name:
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Mike
Phillips
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Title:
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Chief
Financial Officer
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