Equiniti Group PLC DISPOSAL OF CHARTER SYSTEMS
December 15 2020 - 1:00AM
RNS Non-Regulatory
TIDMEQN
Equiniti Group PLC
15 December 2020
Equiniti Group plc
Incorporated in England and Wales
Registration number: 07090427
LEI: 213800TS721HGE2JIV94
ISIN: GB00BYWWHR75
15 December 2020
EQUINITI GROUP PLC
DISPOSAL OF CHARTER SYSTEMS
Equiniti Group plc ("EQ" or "the Group"), an international
technology-led services and payments specialist, announces that it
has exchanged contracts to sell Charter Systems, a provider of
software for covert intelligence, to Northgate Public Services
(NPS). Following certain procedural matters, the transaction is
expected to complete on 31(st) December 2020.
Charter Systems is part of EQ's Digital division and provides
mission critical software to manage Covert Operations which is used
by more than 60% of UK police forces as well as major customers in
Canada.
The sale to NPS, a market leading provider of public sector and
law enforcement technology solutions in the UK, reflects the
Board's ongoing focus on core businesses and the reduction of
leverage. The consideration for the transaction is GBP1.95m and, in
2020, Charter Systems is expected to generate revenue of
approximately GBP1.4m.
Guy Wakeley, Equiniti Group plc Chief Executive, said: "We are
pleased to sell Charter Systems, a market leading software business
in its field, to a very complementary acquirer, and wish our
colleagues and former clients well for the future. This disposal
allows EQ to continue to focus on its core businesses."
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 425580
Will Barker + 44 (0) 7827 960151
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