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New Service To Improve Transparency Of Executive Share Dealing
8 October 2012
Equiniti a
UK share registration service provider, has launched an executive share dealing
service, a new division to help companies manage the transparency of their senior executives' share
dealings. ESDS provides
a range of services to help companies and their
employees when buying and selling shares from a company
share plan or shares held in the employees’ own name. “The complexities and costs of regulation, as well as
complicated taxation issues, mean that companies and their executives have
often struggled when executives wanted to exercise their share options. Our new
service will significantly improve issues relating to custody as well as making
it easier for senior executives to buy and sell shares. The ESDS team will
ensure that the executives receive the ... best available price, at the same
time as making sure that orders are worked into the market place without
detriment to the company or the share price,” said Mark Taylor, director of
investment services at Equiniti.