Regulatory News

Equals (AIM:EQLS), the fast-growing B2B focused e-banking and international payments group, announces that it has published its Annual Report and Accounts for its financial year ended 31 December 2019 (‘2019 Annual Report’), which is available to view on the Group’s website at https://www.equalsplc.com and will be posted to shareholders by Wednesday, 8 July 2020.

A notice convening a General Meeting to approve the 2019 Annual Report, expected to take place in late July 2020 will be posted to shareholders along with the 2019 Annual Report.  A further announcement will be made in due course upon posting of these documents.

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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.