Equiniti exits London market following completion of takeover by Siris

(Alliance News) - Equiniti Group PLC shares were suspended from trading on Friday as its takeover by a company owned by Siris Capital Group LLC was completed.

Shares in the London-based financial administration outsourcer are expected to be cancelled on Monday next week.

Back in May, Equiniti had agreed to be taken over by Siris in a deal worth GBP673 million. The scheme for Equiniti's takeover by Siris was approved the court on Wednesday.

The deal spells the end of a six-year stint on the public market for Equiniti. It was a member of the FTSE 250 index of London mid-caps before being demoted in September 2020, after its business was hit by the pandemic.

By Heather Rydings; heatherrydings@alliancenews.com

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