Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

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

Equals extends deadline again for talks with Madison Dearborn Partners

By Josh White

Date: Wednesday 24 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Equals Group updated the market on its ongoing strategic review on Wednesday, announcing an extension of the 'put up or shut up' (PUSU) deadline as part of its offer period.
The AIM-traded company initiated the review on 1 November to explore various strategic options.

As part of the process, Equals contacted a number of potential counterparties, including Madison Dearborn Partners, to assess whether they could propose a strategy that would create more value for Equals' shareholders than pursuing an independent strategy.

The announcement of the review triggered an 'offer period' under the Takeover Code, indicating the possibility of an offer for the entire issued and to be issued share capital of Equals Group.

It said its current trading remained in line with the board's expectations, adding that it was confident in its long-term growth prospects.

Initially, Madison Dearborn Partners was required to announce its intention by the PUSU deadline of 1700 GMT on 29 November.

However, that deadline was extended to 1700 GMT on 27 December, and further extended to the same time on 24 January.

Equals said it was engaged in ongoing discussions with Madison Dearborn Partners, and so had requested an extension of the PUSU deadline from the Takeover Panel.

The panel granted the request, and Madison Dearborn Partners was now required to announce its intentions by 1700 GMT on 21 February.

Equals said the revised PUSU deadline could be further extended at Equals Group's request, with the consent of the Takeover Panel.

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

At 1313 GMT, shares in Equals Group were down 0.61% at 121.26p.

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 131.50
52 Week Low 96.20
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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