Equiniti Group PLC Equiniti appointed by DWF
18 March 2019 - 6:01PM
RNS Non-Regulatory
TIDMEQN
Equiniti Group PLC
18 March 2019
Media Release
18 March 2019
Equiniti counsels law firm DWF on Main Market listing
-- DWF valued at GBP366m making it largest IPO of 2019 and the largest listed law firm
Equiniti Group plc ("Equiniti"), an international technology-led
services and payments specialist, is delighted to confirm it has
been appointed by DWF Group plc ("DWF") to administer its IPO and
as share registrar thereafter.
The rare partnership floatation has seen Equiniti deliver
300,000,000 shares to investors, including DWF's Partners, using
its market-leading platforms and deep industry knowledge.
DWF listed on the UK Main Market with a market capitalisation of
approximately GBP366m, making it the largest listing to date in
2019. It follows the trend of UK law firms joining the public
market after rules about ownership changed in 2012, DWF is the
largest firm to list.
Despite market uncertainty appearing to have slowed the broader
market, large UK floats have stayed strong, with an upturn on
GBP500m+ listings from 2017 to 2018. Equiniti, which is registrar
to about half the FTSE 100, assisted 21 companies to float on the
London Stock Exchange in 2018, including the two largest; Aston
Martin Lagonda and Quilter.
The DWF appointment comes at a time when a record number of
issuers are selecting Equiniti as their service provider.
Equiniti's recent full year results announcement showed that in
addition to IPOs, it had won 11 share registration and 17 employee
share plan transfers last year.
Guy Wakeley, Chief Executive Officer of Equiniti, said:
"Equiniti's market-leading technology, culture of service and
ability to consult on and execute complex transactions is resulting
in more companies than ever choosing to work with us, demonstrated
by a record year in our share services division in 2018.
"We welcome DWF as an Equiniti client and wish them the very
best as they enter the public markets - a very exciting time which
we have been pleased to be part of."
ENDS
For more information:
Temple Bar Advisory
Alex Child-Villiers / William Barker / Sam Livingstone
Tel: 0207 002 1080
Email: equiniti@templebaradvisory.com
Notes to Editor:
Equiniti Group plc, an international technology-led services and
payments specialist, provides non-discretionary payment and
administration services to some of the world's best-known brands
and UK's largest public-sector organisations.
It is the UK's leading provider of share registration, employee
share plans, and associated investor services, and also has market
leading positions in pension administration and software, and
employee benefit schemes.
Equiniti's services, which are delivered by over 5,000
employees, benefit 28 million people in the UK and 120 countries
around the world.
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END
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March 18, 2019 03:01 ET (07:01 GMT)
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