LONDON (Alliance News) - Equiniti Group PLC Wednesday said Chief Executive Officer Guy Wakeley bought 5,983 shares at a price of 166.2 pence per share on Tuesday.
Following this transaction, Wakeley now holds 1.3 million shares.
Equiniti, which is known for providing share registration services to companies, Tuesday said new business wins to date in 2016 are ahead of the prior year, and include a life and pensions outsourcing contract with Retirement Advantage, valued at about GBP40 million over 10 years.
In an update coinciding with the outsourcer's annual meeting of shareholders, Equiniti said trading and business performance in 2016 to date has been in line with management expectations.
"New business wins are ahead of last year, increasing revenue visibility and giving confidence both in the group's strategy and the outlook for 2016 and beyond," Wakeley said.
The stock was down 0.2% at 161.75p Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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