LONDON (Alliance News) - Equiniti Group PLC said four of its senior executives bought shares at 162 pence each on Tuesday as the company reported a loss in its maiden results.
Chief Executive Officer Guy Wakeley and Chief Financial Officer John Stier each bought 25,000 shares. The purchases takes their holdings to 1.3 million and 772,945 shares, respectively.
Director of Strategy and Business Development David Beresford bought 6,143 shares and now holds 230,526 shares. While Paul Matthews, an executive director for corporate markets, bought 12,286 shares and now holds 252,491 shares.
Equiniti Group, a UK outsourcing and technology company, on Tuesday reported a loss in 2015, its maiden set of annual results since becoming a publicly listed company, due to the costs of its initial public offering and debt.
Pretax losses widened to GBP71.7 million in 2015 from GBP38.6 million in 2014, Equiniti said in a statement, as the company declared a dividend of 0.68 pence per share, representing an equivalent full-year dividend of 4.08p per share.
Equiniti maintained the guidance set out at the time of its IPO in October.
The stock was up 2.4% at 162.00p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
