Material transaction

RNS Number : 4826Q

Equals Group PLC

28 October 2021

 

For immediate release

28 October 2021

Equals Group plc

('Equals' or the 'Group')

Material transaction

Equals (AIM:EQLS) , the fintech payments group focused on the SME marketplace, is pleased to announce it has completed a material international payments transaction for a large corporate client that will contribute circa £1.5 million to Group revenues in the current financial year.

The transaction is one-off in nature but evidences the ability of the Group to attract large corporate clients through its state-of-the-art platforms.  That, coupled with highly professional service levels, translates into increased credibility for the Group's ability to act as a financial counterpart in major transactions.

Equals worked on the transaction for several months.  It undertook extensive and extended levels of due diligence, with the support of external legal advice, and the transaction was cleared by the Group's partner bank prior to completion.

Ian Strafford-Taylor, Chief Executive Officer, commented: "I am exceptionally proud that, following significant investment, the Equals Group has the infrastructure, capability and knowhow to undertake a transaction of this size and complexity.  It represents the largest single transaction ever completed by the Group and is a clear demonstration of our credibility among large corporates, the quality of our service proposition, and the level of commitment of our people."

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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 Advisor / Broker)
Bobbie Hilliam / Georgina McCooke Alex Aylen (Sales)	Tel: [phone]
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Whitmore / Toto Berger [e-mail]	Tel: [phone] www.buchanan.uk.com

Notes to Editors:

Equals Group 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 and currently employs around 250 staff across sites in London and Chester.  For more information, please visit www.equalsplc.com .

 

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