26 September 2019
Equals, the e-banking and payments group, today announces that Richard Cooper, newly appointed Group Finance Director*, has purchased 54,000 ordinary shares of 1 pence each in the capital of the Company at a price of 91 p per share. Following this purchase, following this purchase, Richard has a total shareholding in the Group of 54,000 ordinary shares.
*appointment effective from 14 October 2019
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
|1||Details of the person discharging managerial responsibilities / person closely associated|
|2||Reason for the notification|
|a)||Position/status||Group Finance Director (appointment effective from 14 October 2019)|
|b)||Initial notification /Amendment||Initial|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Equals Group plc|
|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 instrument
|Ordinary shares of 1p each
|b)||Nature of the transaction||Grant of options over new ordinary shares at an exercise price of 101.1p per share|
|c)||Price(s) and volume(s)||
- Aggregated volume
|N/A - single transaction|
|e)||Date of the transactions||26 September 2019|
|f)||Place of the transactions||London Stock Exchange - AIM|
|Equals Group plc
Ian Strafford-Taylor, CEO
|+44 (0) 20 7778 9308|
|Cenkos Securities plc
Max Hartley/Callum Davidson
|+44 (0) 20 7397 8900|
Bobbie Hilliam / David Tyrrell
|+44 (0)20 7523 8150|
|+44 (0) 7747 788 221
+44 (0) 7946 424 651
Equals is a leading challenger brand in banking and payments that disintermediates the incumbent banks with a superior user experience and low-cost operating model. Our business enables personal and business customers to make easy, low-cost payments both domestically and in a broad range of currencies and across a range of products all via one integrated system. The Equals platform facilitates payments either direct to Bank Accounts or at 35 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.
Equals provides money movement services to both personal and business customers through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the International Payments channel supports wire transfer foreign exchange transactions direct to Bank Accounts. For Corporates, Equals has a market-leading business-expenses solution based around its corporate platform and prepaid card. This service can yield significant savings on a Corporate's expenses and procurement both domestically and overseas, through better controls and improved transparency. The platform also streamlines the downstream administrative processes and integrates into accounting software, thus saving costs. Equals offers retail and business bank accounts with all the functionality you would expect from a bank, namely faster payments, BACs, direct debits, international payments and a debit card.