Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

110.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 131.50p
  • 52 Week Low: 96.20p
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 107,981
  • Market Cap: £206.39m
  • RiskGrade: 292

Equals extends deadline for possible offer from Madison Dearborn

By Josh White

Date: Wednesday 29 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Equals Group updated the market on its strategic review to explore various strategic options on Wednesday, which it first announced on 1 November.
The AIM-traded firm said that as part of the process, it had approached a select group of potential counterparties, including Madison Dearborn Partners, to evaluate whether their proposals could provide greater value to Equals' shareholders than pursuing an independent strategy.

It said current trading remained in line with their expectations, as the board maintained a positive outlook for the long-term growth prospects of the business.

Equals noted that under the Takeover Code, Madison Dearborn Partners had until 1700 GMT on 29 November to either announce a firm intention to make an offer or declare that it did not intend to make an offer.

To facilitate ongoing discussions between Equals and Madison Dearborn Partners, the board requested an extension of the put up or shut up (PUSU) deadline from the Takeover Panel.

The panel granted an extension, and Madison Dearborn Partners now had until 1700 GMT on 27 December to make an offer or opt for a non-offer declaration.

"There can be no certainty either that an offer will be made nor as to the terms of any offer, if made," the Equals Group board said in its statement.

At 1114 GMT, shares in Equals Group were up 1.47% at 113.14p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Equals Group Market Data

Currency UK Pounds
Share Price 110.00p
Change Today -0.50p
% Change -0.45 %
52 Week High 131.50p
52 Week Low 96.20p
Volume 107,981
Shares Issued 187.63m
Market Cap £206.39m
RiskGrade 292

Equals Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.73% below the market average76.73% below the market average76.73% below the market average76.73% below the market average76.73% below the market average
80.36% below the sector average80.36% below the sector average80.36% below the sector average80.36% below the sector average80.36% below the sector average
Price Trend
13.20% above the market average13.20% above the market average13.20% above the market average13.20% above the market average13.20% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
13.96% above the market average13.96% above the market average13.96% above the market average13.96% above the market average13.96% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
99.11% above the market average99.11% above the market average99.11% above the market average99.11% above the market average99.11% above the market average
98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equals Group Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 16-Nov-23
Paid 28-Jun-24 07-Dec-23
Amount 1.00p 0.50p

Trades for 19-Jul-2024

Time Volume / Share Price
16:30 542 @ 109.65p
16:26 270 @ 111.00p
16:26 10 @ 111.00p
16:26 1 @ 111.00p
16:26 23,000 @ 109.00p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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