TIDMEQLS
RNS Number : 5133S
Equals Group PLC
06 November 2023
For immediate release
6 November 2023
Equals Group plc
('Equals', the 'Group' or the 'Company')
Grant of LTIP Awards and PDMR Dealings
Equals Group plc (AIM:EQLS), the fast-growing payments group
focused on the SME marketplace, announces awards over 2,600,000
ordinary shares of GBP0.01 each were made under its Discretionary
Long-Term Incentive Plan ('LTIP'). Equals also announces that
further awards under its Share Incentive Plan ('SIP') will be made
to eligible staff in respect of a maximum of 300,000 ordinary
shares in total, and announced to staff on 6 November 2023, subject
to a 25 day opt-out period giving a grant date of 4 December
2023.
Discretionary Long-Term Incentive Plan ('LTIP')
In common with many businesses, the Group faces continued
challenges to not only recruit but also retain high-quality talent
across all its operations. Accordingly, the further following
awards are being made under the LTIP, providing certain performance
conditions are achieved, as announced previously in October 2021.
Grants were also made on 18 October 2021 and 14 December 2022.
The awards vest on the third anniversary of the grant, subject
to the satisfaction of the pre-determined performance conditions
and such vested shares will be subject to a two-year holding period
thereafter. The exact award level will be determined on a sliding
scale dependent on performance relative to CAGR targets for revenue
and EPS, KPI's for customer quality and ESG and a minimum share
price threshold of 85.6 pence. Participants who leave employment
before vesting will lose their award, subject to certain limited
'good leaver' conditions.
Set out below is a table of grants under the LTIP to certain
Directors and persons discharging managerial responsibilities
('PDMRs'). Other senior managers (who are not PDMRs) have also been
awarded in aggregate 890,000 ordinary shares under the LTIP.
PERSON JOB TITLE NUMBER OF SHARES UNDER AWARDS
Ian Strafford-Taylor Chief Executive Officer 550,000
Richard Cooper Chief Financial Officer 300,000
Jack Bryant Director - Operations 30,000
Matthijs Boon Chief Operations Officer 120,000
Simon England Chief Infrastructure Officer 70,000
Shona Kerfoot Chief People Officer 100,000
Darren Kilner Director - Dealing 70,000
Thomas Kiddle Chief Commercial Officer 110,000
Stephen Paul Deputy CFO 100,000
Andrew Phillips Chief Technology Officer 110,000
James Simcox Chief Product Officer 150,000
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 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 380 staff across sites in London, Chester, Brussels
and Amsterdam. For more information, please visit
www.equalsplc.com.
ADDITIONAL TECHNICAL DISCLOSURES
The following disclosure are made in accordance with Article 19
of the EU Market Abuse Regulations 596/2014:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Ian Strafford-Taylor
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 550,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 550,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Richard Cooper
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 300,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 300,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Andrew Phillips
2 Reason for the notification
a) Position/status Chief Technology Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 110,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 110,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Matthijs Boon
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 120,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 120,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Simon England
2 Reason for the notification
a) Position/status Chief Infrastructure Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 70,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 70,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name James Simcox
2 Reason for the notification
a) Position/status Chief Product Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 150,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 150,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Jack Bryant
2 Reason for the notification
a) Position/status Director - Operations
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 30,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 30,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Stephen Paul
2 Reason for the notification
a) Position/status Deputy CFO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 100,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 100,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Thomas Kiddle
2 Reason for the notification
a) Position/status Chief Commercial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 110,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 110,000
Nil
- Aggregated volume
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Darren Kilner
2 Reason for the notification
a) Position/status Director - Dealing
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 70,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 70,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Shona Kerfoot
2 Reason for the notification
a) Position/status Chief People Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Award of shares under 2021 Discretionary Incentive Plan
c) Price(s) and volume(s) 100,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information 100,000
- Aggregated volume Nil
- Price
e) Date of the transaction 3 November 2023
f) Place of the transaction Outside a trading venue
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END
MSCFLFELLILRIIV
(END) Dow Jones Newswires
November 06, 2023 06:51 ET (11:51 GMT)
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