01 November 2023
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 £25 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.
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO
Richard Cooper, CFO
Tel: +44 (0) 20 7778 9308
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.