AGM AND TRADING UPDATE
Equiniti Group plc
Incorporated in England and Wales
Registration number: 07090427
2 May 2019
EQUINITI GROUP PLC - AGM AND TRADING UPDATE
Equiniti Group plc ("Equiniti" or "the Group"), an international technology-led services and payments specialist, is holding its Annual General Meeting today and is issuing the following trading update covering progress to date in 2019.
The year has started well and the Board is confident of delivering in line with expectations for full year 2019.
The fidelity of our blue-chip client base remains high and all renewing relationships have been continued, including clients such as ABF, Fresnillo, M&G Prudential, Comcast and Proctor & Gamble. There have also been encouraging new client wins in the period and we are pleased to have secured new mandates across all of our divisions including National Grid, Danske Bank and DWF in the UK, and WABTEC and Cincinnati Financial in the US, along with a number of significant wins in our Pension Solutions business.
Trading in the US has been pleasing and integration is proceeding in accordance with previous guidance, with the separation of the business from Wells Fargo anticipated to conclude by June 2019.
Equiniti's specialist and non-discretionary services are largely insulated from the continuing uncertainty in the macro-economic environment and our expectations for full year 2019 remain unchanged.
For further information please contact:
Equiniti Group plc Guy Wakeley, Chief Executive +44 (0) 207 469 1811
John Stier, Chief Financial Officer
Frances Gibbons, Head of Investor Relations
Temple Bar Advisory Alex Child-Villiers + 44 (0) 7795 425580
Will Barker + 44 (0) 7827 960151
This announcement contains forward-looking statements regarding Equiniti. 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 Equiniti'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. Equiniti 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.
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