Capital Reduction – Court Approval

Equals Group PLC

01 November 2023

 

For immediate release

1 November 2023

Equals Group plc

('Equals', the 'Group' or the 'Company')

Capital Reduction - Court Approval

Equals Group plc (AIM:EQLS), the fintech payments group focused on the Enterprise and SME marketplace, is pleased to announce that further to the announcement on 12 September 2023 detailing the proposed reduction in share premium account, the Capital Reduction has been duly approved by the Court and has now been filed at Companies House resulting in distributable reserves of around £25 million ("Distributable Reserves"). 

Subject to filing the updated accounts detailing the Distributable Reserves at Companies House, the Board intends to declare a maiden interim dividend of 0.5 pence per share. Furthermore, it expects that, subject to shareholder approval, the final dividend for the 2023 full year will be 1.0 pence per share, giving a total dividend of 1.5 pence for 2023. A further announcement will be made on declaration of the maiden interim dividend in due course.

Definitions in this announcement shall have the same definitions as in the Capital Reduction announcement issued on 12 September 2023. 

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For more information, please contact:

Equals Group plc
Ian Strafford-Taylor, CEO Richard Cooper, CFO	Tel: [phone] www.equalsplc.com
Canaccord Genuity (Nominated Adviser & Joint Broker)
Max Hartley / Harry Rees	Tel: [phone]
Peel Hunt LLP (Joint Broker)
Paul Shackleton / John Welch	Tel: [phone]

Notes to Editors:

Equals Group plc is a technology-led international payments group augmented by highly personalised service for the payment needs of SME's whether these be FX, card payments or via Faster Payments. Founded in 2007, the Group listed on AIM in 2014. For more information, please visit www.equalsplc.com.

 

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