Capita will publish a five-year transformation plan and details of a rights issue with its annual results on April 26, a person familiar with the matter said.
This will give the UK services group a clean slate after a raft of profit warnings.
Capita, which handles services for companies and governments such as HR, recruitment and customer services to help them save costs, confirmed the results date and strategy update on its website this morning.
Chief executive Jonathan Lewis, on board since December, aims to simplify and unify an unwieldy structure in which more than 250 different business units have operated "like separate silos," the source told Reuters.
Capita will publish results with the overhaul plan aimed at paying down debt, giving markets a clear basis on which to invest, the source said.
Lewis sees potential in the fact Capita is only selling more than one service to just 4% of its customers, and cost-savings potential in implementing an overarching structure which was lacking up to now.
The group, with annual turnover expected by analysts at around £4.2 billion in 2017, set out an initial plan in January which said it would raise around £700m in a rights issue, scrap its dividend and sell assets to try to get back on track.
Its shares fell 50% on the day and have not recovered since. They have fallen 74% in the past year, compared to a 4% slide in the London FTSE 100 index.
The source said Capita's board signed off last week on the plans drawn up by Lewis, a turnaround specialist who joined Capita from oil services company Amec Foster Wheeler last December.
The group, which employs 70,000 staff primarily in Britain ran into problems after a downturn and problems on contracts following years of acquisition-led growth.
The rights issue is aimed at paying down debt, plugging a pension deficit and boosting investment.
Lewis has appointed a chief people officer and intends to bring in a director of digital and a general legal counsel who have a proven track record in turning around operations, the person said.
