Regulatory News

Further to the announcement issued on 15 September 2020, Equals (AIM:EQLS), the fast-growing B2B focused e-banking and international payments group, is today pleased to confirm the appointment of Sian Herbert as an Independent Non-Executive Director and Head of the Audit Committee.

Sian Herbert has had an extensive City career spanning 35 years within audit, financial crime, risk and regulation, focusing on the financial services and technology sectors. She gained 25 years' experience at PricewaterhouseCoopers LLP ('PwC'), including fifteen years as Partner, stepping down in June 2020. At PwC, Sian was a partner within the forensic services group, becoming an established expert in financial services, e-money and payment services, advising on financial crime, risk, regulatory change and the impact of technology.

As well as being a member of the ICAEW, Sian is also a Member of the Hong Kong Society of Accountants.  Since July 2020, Sian has held a position as a Non-Executive Director of HBL Bank UK Limited.

Further disclosures pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies:

Sian Anne Herbert, aged 54, is currently or has previously been a director/partner of the following companies within the past five years:

Save as disclosed above, there is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

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Notes to Editors:

Equals is a leading challenger brand in payments that disintermediates the incumbent banks with a superior user experience and low-cost operating model.  The Group enables its business and personal 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, Current Accounts and 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.