Equals Group PLC Capital Reduction -- Court Approval (0793S)
November 01 2023 - 9:19AM
UK Regulatory
TIDMEQLS
RNS Number : 0793S
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 GBP25
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.
- 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
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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November 01, 2023 09:19 ET (13:19 GMT)
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