(Alliance News) - Equiniti Group PLC said Chief Executive Guy Wakeley, Chief Financial Officer John Stier and Chief Operating Officer Thera Prins all purchased shares in the financial administration company in separate transactions on Tuesday.
Wakeley and Stier acquired 10,000 shares each at a price of 190 pence a share, worth a total of GBP38,000. Meanwhile, Prins bought 497 shares at 198.96p each, totalling GBP989.
Equiniti shares were trading 14% lower in London on Tuesday at 196.00p each.
Early on Tuesday, the FTSE 150 company - which provides payroll, pension, share registry and company secretarial services - said underlying earnings before interest, taxes, depreciation and amortisation for 2019 will be at the lower end of market estimates of between GBP136 million and GBP142 million due to lower activity in its higher-margin UK corporate business.
In 2018, underlying Ebitda was GBP122.3 million on revenue of GBP530.9 million.
More positively, annual revenue is predicted to be at the upper end of GBP550 million to GBP567 million market estimate range.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.
