Equiniti has won the majority of these clients from competitors with companies such as Dunelm, Avast and Countryside Properties having all appointed Equiniti in 2018.
This record number of client wins has also been boosted by Equiniti’s strong performance in winning IPO mandates throughout the year. Equiniti has acted as registrar on 70% of new company listings in 2018 YTD.
Share plans are growing in popularity with 11,850 operating schemes in 2016/17, up from 10,720 the previous year (www.gov.uk). Equiniti is well placed to take advantage of the continued expansion in this market due to its diverse client proposition that allows it to manage share plans alongside companies’ share registers.
Ian Cox, Managing Director, Executive & Discretionary plans at Equiniti, commented:
“Clients are increasingly looking for a provider who will deliver a technology-led solution that matches their specific requirements and who can ensure their plans are managed by experts who understand the share plans industry. With the launch of our new discretionary share plan portal, our continued investment in the business will see more clients choose a single provider to manage their share plans alongside their share registers.”
Graham Bull, Managing Director, All Employee Share Plans at Equiniti, commented:
“Equiniti has a long standing market leading position which is maintained by ongoing investment in our systems, products and our people. Our dedicated expert communications support, ensures that the vital tax advantages to be gained from Share Plans are well understood and engages the workforce who reap the benefits. We have seen a growing number of companies extend the range of their employee offerings with our market leading Employee Share Plan Portal providing them with a simple way to apply, transact and track their share plan investments.”
ENDS
For more information:
Temple Bar Advisory
William Barker / Sam Livingstone
Tel: 078 2796 0151 / 077 6965 5437
Email: williamb@templebaradvisory.com / saml@templebaradvisory.com
Notes to Editor:
About Equiniti
Equiniti Group plc is a FTSE-listed share services and fintech business, delivering technology-enabled solutions 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.
Equiniti is the number one provider in the UK employee share plans industry receiving employee contributions of over £700 million each year, operating plans in 120 countries worldwide and handling 1.2 million employee accounts. This includes providing share plans for 40% of FTSE 350 companies with the number of client’s eligible employees ranging from 30 to 300,000 employees.