30 Nov 2020 08:00
Media Release
30 November 2020
EQ adds 2020's biggest listing to Boardroom client roster
· UK's leading share registrar appointed for Europe's largest ever e-commerce IPO
· EQ maintains its position as the share registrar and share plan provider of choice for the market's biggest brands
· EQ adds five IPOs and six registration transfers in 2020
EQ, an international technology-led services and payments specialist, is delighted to confirm its ongoing role as share registrar and share plan manager for THG, after supporting its IPO.
THG, a Manchester-based e-commerce company, listed on the UK Main Market in September with a market capitalisation of £5.4 billion, with 376 million shares sold at 500p, raising £1.88 billion.
EQ, through its dedicated service, supported 144 shareholders selling into the IPO, with previous private equity owner KKR selling down its entire stake worth £448 million.
Significant investors were BlackRock, Henderson Global Investors, Merian and the Qatar Investment Authority who collectively bought £565 million worth of shares.
Despite lockdown putting the brakes on IPO activity, EQ has already acted as registrar on five main market IPOs in 2020, and has won six new share registration clients from competitors during the year, including one large FTSE 100 company.
As registrar to around half the FTSE 100, Guy Wakeley, Chief Executive of EQ, was delighted that EQ continued its record of managing the biggest floats on the London Stock Exchange.
He commented: "We are delighted to have supported THG's successful IPO and are excited to continue our work with the Company as its share registrar and share plan provider.
"Our specialist team and market-leading technology combined to deliver an outstanding service to THG, particularly given the relatively large number of selling shareholders. We are proud to maintain our position as the registrar of choice for assisting prestigious brands with their journey to the public markets.
"Although 2020 has been a time of extraordinary disruption, EQ now has a strong pipeline of IPOs stretching into 2021, as London continues to serve as the venue of choice for companies to access a broad base of international investors."
For more information:
Temple Bar Advisory
Alex Child-Villiers / William Barker / Sam Livingstone
Tel: 0207 183 1190
Email: equiniti@templebaradvisory.com
Notes to Editor:
About EQ (Equiniti Group plc)
EQ is an international technology-led services and payments specialist. With over 5,000 employees, it supports 36 million people in 120 countries and serves c.70% of the FTSE 100. EQ's purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.
EQ is listed on the London Stock Exchange as Equiniti Group plc.
Find out more https://equiniti.com/
EQ serves clients and customers through four divisions:
EQ Boardroom: Share registration, governance and investor relations advisory, and employee benefits services
EQ Digital: Helping regulated businesses and Government to manage customers through innovative digital solutions
EQ Paymaster: Pensions, annuities, flexible benefits and payroll for the UK's largest public and private sector organisations
EQ U.S.: Transfer agency, equity compensation services and digital solutions for U.S. firms; serving the world's leading brands since 1929