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Statement Regarding Potential Divestment

18th Jan 2021 07:00

RNS Number : 9371L
Equiniti Group PLC
18 January 2021
 

18 January 2021

 

EQUINITI GROUP PLC

 

STATEMENT REGARDING POTENTIAL DIVESTMENT

 

Equiniti Group Plc ("EQ" or "the Group") confirms it is in discussions to divest a key part of Equiniti Financial Services Limited, namely EQi's direct-to-consumer customer book, predominantly the Selftrade business.

Negotiations are ongoing but subject to commercial, operational and regulatory discussions. Accordingly, there is no certainty as to whether the transaction will take place at this moment in time, or at all.

A further announcement will be made if or when a definitive agreement has been reached.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

 

For further information please contact: 

Analyst/Investor enquiries:

EQ +44 (0) 7484 072 471 

Cheryl Millington, Chief Executive

John Stier, Chief Financial Officer Frances Gibbons, Head of Investor Relations

 

Media enquiries:

Tulchan Communications LLP +44 (0) 20 7353 4200

Martin Robinson

Olivia Peters

 

 

Forward-looking statements

This announcement contains forward-looking statements regarding EQ. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties, including market conditions and other factors outside of EQ's control. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. EQ undertakes no obligation to publicly update any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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