0001654954-22-000926.txt : 20220201 0001654954-22-000926.hdr.sgml : 20220201 20220201075811 ACCESSION NUMBER: 0001654954-22-000926 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220201 FILED AS OF DATE: 20220201 DATE AS OF CHANGE: 20220201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICRO FOCUS INTERNATIONAL PLC CENTRAL INDEX KEY: 0001359711 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38187 FILM NUMBER: 22576911 BUSINESS ADDRESS: STREET 1: 22-30 OLD BATH ROAD CITY: NEWBURY, BERKSHIRE STATE: X0 ZIP: RG14 1QN MAIL ADDRESS: STREET 1: 22-30 OLD BATH ROAD CITY: NEWBURY, BERKSHIRE STATE: X0 ZIP: RG14 1QN 6-K 1 a2802a.htm DIGITAL SAFE ANNOUNCEMENT a2802a
 
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: February 2022
 
Commission File Number: 001-38187
 
 
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 20-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): ☐
 
 
 
CONTENTS
 
 
Exhibit No.
Exhibit Description
99.1
Digital Safe Announcement, dated 01 February 2022
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
 
 
 
 
1 February 2022
Micro Focus International plc
Completion of sale of the Digital Safe Business
 
Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L, NYSE: MFGP), the international software product group, is pleased to announce the completion of the disposal  (the "Disposal") of its Archiving and Risk Management portfolio (the "Digital Safe Business") to Smarsh Inc. ("Smarsh").
 
The proposed sale of the Digital Safe Business was first announced on 03 November 2021. The Disposal has now completed, in line with the previously communicated timeframe and the proceeds have been received (subject to customary completion accounts adjustments based on net debt and working capital).
 
It is the intention of the Board to use the net proceeds of the Disposal, estimated at $335m net of fees, taxation and separation costs to reduce gross debt. In addition, as part of the transaction, lease obligations totalling approximately $40m at 31 October 2021 will transfer to Smarsh further reducing the Group's net debt.
 
Stephen Murdoch, CEO Micro Focus, commented: "We are pleased to have completed the Disposal of Digital Safe in line with our original timetable. This Disposal demonstrates the value within of our broad portfolio and is a clear example of how our approach to customer-centric innovation can lead to value creation over the long term.
 
Archiving and Risk Management is changing rapidly and becoming an increasingly specialised area. We believe through this combination with Smarsh, a leading innovator in this area, our Digital Safe customers and employees will see significant benefits and be better served for the long term. I would like to thank the Digital Safe team for their contribution to Micro Focus and to wish them continued success." 
 
Enquiries:
Micro Focus                                                                        Tel: +44 (0)1635 32646
Stephen Murdoch, CEO                                                       Investors@microfocus.com
Matt Ashley, CFO
Ben Donnelly, Head of Investor Relations
 
Brunswick                                                                           Tel: +44 (0) 20 7404 5959
Sarah West                                                                           MicroFocus@brunswickgroup.com
Jonathan Glass   
 
Notes to Editors:
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
 
About Smarsh
Smarsh is a recognized global leader in electronic communications archiving solutions for regulated organizations. It provides innovative capture, archiving, e-discovery, and supervision solutions across the industry's widest breadth of communication channels.
 
Scalable for organizations of all sizes, the Smarsh platform enables businesses to embrace innovation and manage risk. Smarsh customers can strategically future-proof as new communication channels are adopted, and can realize more insight and value from the data in their archive. Customers strengthen their compliance and e-discovery initiatives, and benefit from the productive use of email, social media, mobile/text messaging, instant messaging and collaboration, web, and voice channels.
 
For more information, visit www.smarsh.com.
 
LEI: 213800F8E4X648142844
 
 
 
               
 
 
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.
 
Date: 01 February 2022
 
 
Micro Focus International plc
 
By:
/s/ Matt Ashley
Name:
Matt Ashley
Title:
Chief Financial Officer