Regulatory News

Equals Group plc (AIM:EQLS), a leading fintech payments group focused on the SME marketplace, announces that it has extended certain share options.

At the time of the Group’s IPO in 2014, Ian Strafford-Taylor, the Group’s CEO, was granted an option over 192,950 new ordinary shares at 22 pence each, and an option over 3,325,050 new ordinary shares at 36 pence each.  The Remuneration Committee has agreed that the option periods should be aligned with its remuneration policy and have therefore agreed an extension of these options to bring them in line with its current incentive plans which have a standard ten-year option period. This extension means the exercise date for these options will now be extended to 28 July 2024.

At the same time the Company has agreed to extend the period of options also granted at IPO to Julian Bean (a former employee of the Company)  such that his option over 200,000 new ordinary shares at 7 pence each, option over 254,000 new ordinary shares at 22 pence each and option over 400,000 new ordinary shares at 36 pence each will also  expire on 28 July 2024.

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Notes to Editors:

Equals Group 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 and currently employs around 265 staff across sites in London and Chester.  For more information, please visit www.equalsplc.com.