Equals Group PLC Result of General Meeting (5428O)
October 03 2023 - 7:15AM
UK Regulatory
TIDMEQLS
RNS Number : 5428O
Equals Group PLC
03 October 2023
For immediate release 3 October 2023
Equals Group plc
('Equals', the 'Group' or the 'Company')
Result of General Meeting
Equals Group plc (AIM:EQLS), the fintech payments group focused
on the Enterprise and SME marketplaces, is pleased to announce that
at the General Meeting held earlier today in London, the special
resolution put to shareholders regarding the proposed reduction of
the Company's Share Premium Account in the amount of
GBP25,000,000.00 (the 'Capital Reduction'), was duly passed. The
results of the proxy voting position received in advance of the
meeting and received at the meeting are reported below.
Resolution Votes for % Votes against % Votes withheld
Special Resolution
That the share premium
account of the Company
be reduced by GBP25,000,000 104,676,718 99.96 36,882 0.04 61,689
------------ ------ -------------- ----- ---------------
The Capital Reduction will create additional distributable
reserves to the value of around GBP25,000,000, which (subject to
any arrangements required for the protection of the Company's
creditors and any directions given by the High Court of Justice in
England and Wales (the 'Court'), in confirming the Capital
Reduction) may be used by the Company to deliver returns to
shareholders in the future, whether in the form of dividends,
distributions or purchases of the Company's own shares. The
expected date for the Court hearing to confirm the Capital
Reduction is 24 October 2023 and the expected date for completion
of the Capital Reduction is 31 October 2023.
The Board intends conditional, inter alia, upon the completion
of the Capital Reduction, to pay a maiden dividend of 1.5 pence per
share in respect of the financial year 2023. A further announcement
will be made in due course following the conclusion of the Capital
Reduction.
- 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 Adviser &
Joint Broker)
Max Hartley / Harry Rees Tel: +44 (0) 20 7523
8150
Peel Hunt LLP (Joint Broker)
Paul Shackleton / John Welch Tel: +44 (0) 20 7418
8900
Buchanan (Financial Communications)
Henry Harrison-Topham / Stephanie Whitmore Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com www.buchanan.uk.com
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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END
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October 03, 2023 07:15 ET (11:15 GMT)
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