Equiniti Group (EQN)

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FTSE 250

203.20p
   
  • Change Today:
      4.40p
  • 52 Week High: 236.20p
  • 52 Week Low: 186.20p
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 597,676
  • Market Cap: £740.74m
  • Beta: 1.03

Equiniti completes purchase of Aquila Group

By Josh White

Date: Thursday 01 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Specialist technology outsourcer Equiniti Group confirmed on Thursday that the acquisition of Aquila Group Holdings from AquilaHeywood completed on 31 October.
The FTSE 250 company did not disclose financial details of the deal.

It described Aquila as a UK-based life and pensions technology provider for pension schemes and large insurance companies.

The Aquila proprietary platform 'Administrator' supported propositions in workplace savings, bulk purchase annuities and heritage transformation.

Equiniti said the acquisition was in line with its strategy of acquiring capabilities to enhance client offerings, and cemented the EQPaymaster division as a "leading" technology and solutions provider.

Aquila said it would predominantly support Equiniti's life and pensions (L&P) team to add depth of choice to the division's technology solutions, and diversify the overall proposition, as well as enhancing software options available to existing clients.

AquilaHeywood, and its remaining subsidiaries including Heywood, ATMOS and i-Connect, was not being acquired as part of the transaction, and would remain under the ownership of its existing shareholders.

"We are delighted to announce the acquisition of Aquila, a leading provider of software and technology solutions," said EQPaymaster co-chief executive officer Ric Williams.

"Aquila will enhance EQPaymaster's technology and services to the insurance market and broader financial services space, alongside our existing capability.

"I look forward to offering an enhanced combination of technology and services to our new and existing clients and building upon Aquila's investment in the proprietary 'Administrator' platform."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Equiniti Group Market Data

Currency UK Pounds
Share Price 203.20p
Change Today 4.40p
% Change 2.21 %
52 Week High 236.20p
52 Week Low 186.20p
Volume 597,676
Shares Issued 364.54m
Market Cap £740.74m
Beta 1.03

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.6% below the market average57.6% below the market average57.6% below the market average57.6% below the market average57.6% below the market average
28.33% below the sector average28.33% below the sector average28.33% below the sector average28.33% below the sector average28.33% below the sector average
Price Trend
50.61% below the market average50.61% below the market average50.61% below the market average50.61% below the market average50.61% below the market average
49.21% below the sector average49.21% below the sector average49.21% below the sector average49.21% below the sector average49.21% below the sector average
Income
10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average
8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average
Growth
9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equiniti Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 11-Apr-19
Paid 25-Oct-19 16-May-19
Amount 1.95p 3.49p

Trades for 10-Dec-2019

Time Volume / Share Price
16:35 171,287 @ 203.20p
16:29 581 @ 202.80p
16:29 381 @ 203.20p
16:29 153 @ 203.20p
16:29 62 @ 203.20p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier
Chair Philip Yea

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