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Equiniti Group PLC (EQN.L)

EQN.L on London Stock Exchange

298.50GBp
23 Nov 2017
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298.50
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1,211,232
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Latest Key Developments (Source: Significant Developments)

Equiniti Group says Philip Yea to succeed Kevin Beeston as chairman of board​
Friday, 29 Sep 2017 03:00am EDT 

Sept 29 (Reuters) - Equiniti Group Plc ::‍CHAIRMAN SUCCESSION​.‍ANNOUNCES RETIREMENT OF KEVIN BEESTON AND APPOINTMENT OF PHILIP YEA AS HIS SUCCESSOR AS CHAIRMAN OF BOARD​.  Full Article

Equiniti to raise 122 mln stg via rights issue for Wells Fargo share registration & services business acquisition
Tuesday, 12 Sep 2017 02:09am EDT 

Sept 12 (Reuters) - Equiniti Group Plc :RIGHTS ISSUE, TO RAISE PROCEEDS OF ABOUT £122 MILLION TO BE USED TO FUND ACQUISITION OF WELLS FARGO SHARE REGISTRATION & SERVICES BUSINESS.  Full Article

Wells Fargo & Co to sell its shareowner services business for $227 mln
Wednesday, 12 Jul 2017 02:15am EDT 

July 12 (Reuters) - Wells Fargo & Co ::Entered into an agreement to sell its shareowner services business to Equiniti Group PLC.To sell its shareowner services business to Equiniti Group PLC for $227 million.Transaction is expected to close by end of Q1 2018.  Full Article

Equiniti to buy Wells Fargo Share Registration & Services business for $227 mln
Wednesday, 12 Jul 2017 02:00am EDT 

July 12 (Reuters) - Equiniti Group Plc ​:‍Proposed acquisition and carve out of Wells Fargo Share Registration & Services business for total cash consideration of $227 million.Says ‍acquisition expected to be strongly earnings accretive in first full year of ownership.Says ‍acquisition expected to be double digit earnings accretive by end of second full year of ownership.Says ‍expected cost synergies of deal estimated to be at least $10 million per annum.Says ‍expected cost synergies achievable by third full year of ownership, with 50% achieved by second full year of ownership.Consideration, transaction expenses expected to be financed from planned £122 million rights issue ​.Says ‍rights issue is expected to be launched in September 2017.Cash consideration, transaction expenses also expected to be financed from £120 million fully underwritten new debt facilities.Acquisition is anticipated to complete during Q4 2017/Q1 2018 following completion of carve out of WFSS and regulatory approval.  Full Article

Equiniti Group appoints philip yea as Chairman designate
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - Equiniti Group Plc ::Announces appointment of Philip Yea as Chairman designate.  Full Article

Advent Funds sold 36 mln Equiniti shares at 170p/shr - bookrunner
Tuesday, 2 Aug 2016 02:00am EDT 

Bookrunner :Equiniti Group Plc: Advent funds sold 36 mln existing ordinary shares at a price of 170 pence per share - bookrunner.  Full Article

Advent funds to sell 36 mln shares in Equiniti - bookrunner
Monday, 1 Aug 2016 11:56am EDT 

Bookrunner : Accelerated bookbuild offering of approximately 36 mln existing ordinary shares in equiniti group plc . Placing of about 36 mln existing ordinary shares in equiniti (representing about 12.0% of equiniti's share capital) . Funds managed by Advent to sell part of their interest in co through an accelerated bookbuild .Barclays bank plc, acting through its investment bank is acting as sole bookrunner on placing.  Full Article

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UK's Equiniti to buy Wells Fargo's share registration unit for $227 million

Britain's Equiniti Group Plc said it would buy Wells Fargo & Co's share registration business for $227 million as it looks to enter the United States, the largest and most active share registration market.