London Stock Exchange Welcomes Equiniti to the Main Market

London Stock Exchange Welcomes Equiniti to the Main Market

London Stock Exchange today welcomes Equiniti, a leading provider of technology and solutions for complex and regulated administration and payments, to the main market.

Equiniti provides solutions supported by leading technology platforms to a wide range of organisations, including c.70 of the companies in the FTSE 100. It is the UK's leading provider of share registration and associated investor services, and also has market leading positions in administration of employee share plans, pensions administration and software, and employee benefit schemes. Equiniti supports clients in a wide range of industries and has particular strength with clients in the banking, insurance, other financial services and outsourced government services sectors.

The market capitalisation of Equiniti on Admission is £495 million based on the placing price of £1.65 and 300,000,000 ordinary shares in issue.  Equiniti is raising gross proceeds of approximately £315 million that will be used to repay part of the Group's debt to support the next stage in its corporate growth. Dealings in the Company's ordinary shares will trade under the ticker EQN.

Guy Wakeley, Chief Executive, said: “We have always felt that Equiniti belongs in the public markets, and I am delighted that our new and existing shareholders have supported this.  We have longstanding working relationships with c.70% of the FTSE 100 and our IPO further aligns us with these clients and the markets we serve.  We believe that Equiniti is well positioned to benefit from increasing legislation, regulation and digitalisation that drives corporates and governments to outsource complex, mission critical services. I would like to thank all our staff and stakeholders for their support to date, and look forward to leading the business into this exciting new phase as a listed company.”

Barclays Bank PLC and Goldman Sachs International are acting as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners, Credit Suisse Securities (Europe) Limited is acting as Joint Bookrunner and Liberum Capital Limited is acting as Colead Manager. Rothschild is acting as Financial Adviser to the Company. Allen & Overy and Weil, Gotshal & Manges LLP are acting as legal advisors, and Temple Bar Advisory as Financial PR advisor.