Equals Group PLC Material transaction (4826Q)
October 28 2021 - 1:00AM
UK Regulatory
TIDMEQLS
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 GBP1.5 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."
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
Richard Cooper, CFO 9308
www.equalsplc.com
Canaccord Genuity (Nominated Advisor
/ Broker)
Bobbie Hilliam / Georgina McCooke Tel: +44 (0) 20 7523
Alex Aylen (Sales) 8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Whitmore Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com 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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END
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