leadf
logo-loader
RNS
viewEquals Group PLC

Equals Group PLC - Amendment to LTIP

RNS Number : 5458X
Equals Group PLC
01 September 2020
 

For immediate release

1 September 2020

 

Equals Group plc

('Equals', the 'Group' or the 'Company')

 

Amendment to LTIP

 

Equals (AIM:EQLS), the fast-growing B2B focused e-banking and international payments group announces that, in further consultation with shareholders, it has made an adjustment to the terms of the new Long Term Incentive Plan ('LTIP'), which was implemented and announced on 20 August 2020.

 

As per the announcement, options over ordinary shares in the Company were granted to Ian Strafford-Taylor and Richard Cooper under the LTIP.  Whilst these options remain subject to the same vesting and performance conditions as previously announced, it has been agreed by the Remuneration Committee that the options shall also carry an exercise price of 29p per share, as opposed to the previous exercise price of £nil.

 

All other terms of the LTIP are unchanged.

 

- Ends -

 

For more information, please contact:

 

Equals Group plc

 

Alan Hughes, Non-Executive Chairman

Tony Quirke, Company Secretary

Tel: +44 (0) 20 7778 9357

www.equalsplc.com

 

Cenkos Securities plc (Nominated Advisor / Joint Broker)

 

Max Hartley / Callum Davidson

Nick Searle (Sales)

 

Tel: +44 (0) 20 7397 8900

Canaccord Genuity (Joint Broker)

 

Bobbie Hilliam / David Tyrell

Alex Aylen (Sales)

Tel: +44 (0) 20 7523 8150

 

 

Buchanan (Financial Communications)

 

Henry Harrison-Topham / Steph Watson / Toto Berger

[email protected]

Tel: +44 (0) 20 7466 5000

www.buchanan.uk.com

 

 

Notes to Editors:

 

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.  The Group enables its personal and business customers to make easy, low-cost payments both domestically and in a broad range of currencies across a range of products all via one integrated system.

 

Equals provides money movement services to both business and personal customers through five inter-connected channels - International Payments, Corporate Expenses platform, Bank Accounts, Travel Money (comprising currency cards and physical currency).  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 which yields significant cost savings via tighter control on expenses before they are incurred coupled with eliminating inefficient processes.  Equals also offers business and retail bank accounts with all the functionality offered by banks, namely faster payments, BACs, direct debits, international payments and a debit card.  The Travel Money offerings (retail currency card and physical currency) represent cost-effective and secure methods for travelers to spend abroad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSDSFAFESSEDA

Quick facts: Equals Group PLC

Price: 24.7

Market: AIM
Market Cap: £44.11 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read