Equals Group PLC Director/PDMR Shareholding (8236N)

TIDMEQLS

RNS Number : 8236N

Equals Group PLC

26 September 2019

Equals Group plc

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

Director/PDMR Dealing

Equals, the e-banking and payments group, today announces that Richard Cooper, newly appointed Group Finance Director*, has purchased 54,000 ordinary shares of 1 pence each in the capital of the Company at a price of 91 p per share. Following this purchase, following this purchase, Richard has a total shareholding in the Group of 54,000 ordinary shares.

*appointment effective from 14 October 2019

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Richard Cooper 
     ---------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status        Group Finance Director (appointment effective 
                              from 14 October 2019) 
     ---------------------  ---------------------------------------------- 
 b)   Initial notification   Initial 
       /Amendment 
     ---------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                   Equals Group plc 
     ---------------------  ---------------------------------------------- 
 b)   LEI                    213800CPI5S2GYB3RI27 
     ---------------------  ---------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------- 
 a)   Description 
       of the financial        Ordinary shares of 1p each 
       instrument, 
       type of instrument      ISIN: GB00BLS0XX25 
       Identification 
       code 
     ---------------------  ---------------------------------------------- 
 b)   Nature of              Grant of options over new ordinary shares at 
       the transaction        an exercise price of 101.1p per share 
     ---------------------  ---------------------------------------------- 
 c)   Price(s)                 Price(s)              Volume(s) 
       and volume(s)                 91p per share    54,000 
                                                     ---------- 
     ---------------------  ---------------------------------------------- 
 d)   Aggregated 
       information             N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------------------------- 
 e)   Date of the            26 September 2019 
       transactions 
     ---------------------  ---------------------------------------------- 
 f)   Place of               London Stock Exchange - AIM 
       the transactions 
     ---------------------  ---------------------------------------------- 
 

Contact:

 
 Equals Group plc 
  Ian Strafford-Taylor, CEO         [phone] 
 Cenkos Securities plc 
  Max Hartley/Callum Davidson 
  Nick Searle                       [phone] 
 Canaccord Genuity 
  Bobbie Hilliam / David Tyrrell 
  Alex Aylen                        [phone] 
 Yellow Jersey 
  Charles Goodwin 
  Joe Burgess                         [phone] 
  Annabel Atkins                      [phone] 
 

About Equals

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. Our business enables personal and business customers to make easy, low-cost payments both domestically and in a broad range of currencies and across a range of products all via one integrated system. The Equals platform facilitates payments either direct to Bank Accounts or at 35 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.

Equals provides money movement services to both personal and business customers through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the 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. This service can yield significant savings on a Corporate's expenses and procurement both domestically and overseas, through better controls and improved transparency. The platform also streamlines the downstream administrative processes and integrates into accounting software, thus saving costs. Equals offers retail and business bank accounts with all the functionality you would expect from a bank, namely faster payments, BACs, direct debits, international payments and a debit card.

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 [e-mail] or visit www.rns.com.

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September 26, 2019 07:54 ET (11:54 GMT)