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DISPOSAL OF HR SOLUTIONS

2 Dec 2020 12:00

RNS Number : 2000H
Equiniti Group PLC
02 December 2020
 

Equiniti Group plc

Incorporated in England and Wales

Registration number: 07090427

LEI: 213800TS721HGE2JIV94

ISIN: GB00BYWWHR75

 

2 December 2020

 

EQUINITI GROUP PLC

 

DISPOSAL OF HR SOLUTIONS

 

Equiniti Group plc ("EQ" or "the Group"), an international technology-led services and payments specialist, announces the sale of its HR and payroll business, HR Solutions, to Civica.

HR Solutions provides payroll solutions across a range of markets, including the NHS where it is one of three leading payroll providers. Until its sale, HR Solutions was part of EQ's Paymaster division.

The sale to Civica, a global leader in software for public services, reflects the Board's strategic focus on core businesses and the reduction of leverage. The consideration for the transaction is £13.2m paid in cash and, in 2020, HR Solutions is expected to generate £5.9m revenue and £1.7m EBITDA.

Guy Wakeley, Equiniti Group plc Chief Executive, said "We are pleased that HR Solutions is joining Civica, a business which provides payroll software and services to 500 companies and public sector organisations around the UK, which will provide an opportunity for the business to scale and grow. We wish our colleagues the best of luck for the future."

 

The Group expects to recognise an accounting profit of c£10m on disposal.

 

 

Financial Calendar

25 March 2021 Full year results announcement

29 July 2021 Interim results announcement

 

 

For further information please contact: 

Analyst/Investor enquiries:

EQ Guy Wakeley, Chief Executive +44 (0) 7484 072 471 

John Stier, Chief Financial Officer Frances Gibbons, Head of Investor Relations

Media enquiries:

Temple Bar Advisory Alex Child-Villiers + 44 (0) 7795 425580Will Barker + 44 (0) 7827 960151

 

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END
 
 
DISFSUEEFESSESE
Date   Source Headline
11th Nov 20213:25 pmRNSHolding(s) in Company
11th Nov 20213:20 pmRNSForm 8.3 - Equiniti Group Plc
11th Nov 202112:53 pmRNSForm 8.3 - Equiniti Group plc
11th Nov 202111:34 amRNSForm 8.3 - EQUINITI GROUP PLC
11th Nov 202111:28 amRNSForm 8.5 (EPT/RI)
11th Nov 202110:31 amRNSForm 8.5 (EPT/RI)
11th Nov 202110:26 amBUSForm 8.5 (EPT/NON-RI) - EQUINITI GROUP PLC
10th Nov 20213:20 pmRNSForm 8.3 - Equiniti Group Plc
10th Nov 20212:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: EQUINITI GROUP
10th Nov 20212:47 pmRNSHolding(s) in Company
10th Nov 20211:52 pmEQSForm 8.3 - The Vanguard Group, Inc.: Equiniti Group plc
10th Nov 202111:48 amRNSForm 8.5 (EPT/RI)
10th Nov 202110:56 amRNSForm 8.5 (EPT/RI)
10th Nov 202110:55 amRNSForm 8.5 (EPT/NON-RI)
10th Nov 20219:26 amRNSForm 8.3 - Equiniti Group plc
10th Nov 20219:23 amBUSForm 8.5 (EPT/NON-RI) - EQUINITI GROUP PLC
9th Nov 20213:30 pmRNSForm 8.3 - EQN LN
9th Nov 20213:20 pmRNSForm 8.3 - Equiniti Group Plc
9th Nov 20213:15 pmBUSForm 8.3 - Equiniti Group plc
9th Nov 20212:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: EQUINITI GROUP
9th Nov 20212:21 pmRNSHolding(s) in Company
9th Nov 202111:55 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - EQUINITI GROUP PLC - Ordinary Shares
9th Nov 202111:22 amRNSForm 8.5 (EPT/RI)
9th Nov 202111:21 amRNSDirector/PDMR Shareholding
9th Nov 202111:00 amRNSForm 8.3 - EQUINITI GROUP PLC
9th Nov 202110:33 amRNSForm 8.5 (EPT/RI)
9th Nov 202110:11 amRNSForm 8.5 (EPT/RI)
9th Nov 20219:33 amBUSForm 8.5 (EPT/NON-RI) - EQUINITI GROUP PLC
9th Nov 20219:30 amRNSForm 8.3 - Equiniti Group plc
8th Nov 20216:25 pmRNSHolding(s) in Company
8th Nov 20216:23 pmRNSHolding(s) in Company
8th Nov 20213:30 pmRNSForm 8.3 - EQN LN
8th Nov 20213:30 pmBUSForm 8.3 - Equiniti Group plc
8th Nov 20213:21 pmRNSForm 8.3 - Equiniti Group Plc
8th Nov 20213:20 pmRNSForm 8.3 - Equiniti Group Plc
8th Nov 20212:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: EQUINITI GROUP
8th Nov 20212:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: SUMO GROUP PLC
8th Nov 20211:50 pmEQSForm 8.3 - The Vanguard Group, Inc.: Equiniti Group plc
8th Nov 202112:42 pmRNSHolding(s) in Company
8th Nov 202112:40 pmRNSHolding(s) in Company
8th Nov 202112:33 pmRNSForm 8.3 - Equiniti Group plc
8th Nov 202111:36 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - EQUINITI GROUP PLC - Ordinary Shares
8th Nov 202111:21 amRNSForm 8.5 (EPT/RI)
8th Nov 202111:12 amRNSForm 8.5 (EPT/RI)
8th Nov 202111:12 amRNSForm 8.5 (EPT/NON-RI)
8th Nov 202110:24 amRNSForm 8.3 - Equiniti Group PLC
8th Nov 20219:26 amBUSFORM 8.5 (EPT/NON-RI) - EQUINITI GROUP PLC
5th Nov 20213:33 pmRNSUpdate on expected timetable& Scheme Court Hearing
5th Nov 20213:30 pmRNSForm 8.3 - Equiniti Group Plc
5th Nov 20213:30 pmRNSForm 8.3 - EQN LN

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