Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

104.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 131.50
  • 52 Week Low: 93.00
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 682,795
  • Market Cap: £195.13m
  • RiskGrade: 292

Equals Group extends offer deadline as review continues

By Josh White

Date: Wednesday 15 May 2024

LONDON (ShareCast) - (Sharecast News) - Equals Group updated the market on its ongoing strategic review on Wednesday, confirming an extension of the put-up or shut-up deadline.
The AIM-traded company started its strategic review on 1 November last year, exploring various options to enhance shareholder value.

That included engaging with potential counterparties, such as Madison Dearborn Partners (MDP), to evaluate proposals that could potentially surpass the benefits of an independent strategy.

On 20 March, Equals received an indicative non-binding proposal from a consortium consisting of Embedded Finance (Railsr) and TowerBrook Capital Partners UK, regarding a possible offer for the entire issued and to-be-issued share capital of Equals.

Despite the time elapsed since the start of the strategic review and the receipt of proposals from both MDP and the consortium, the Equals board said it was prudent to continue the review process in the best interests of shareholders, allowing further time for a comprehensive conclusion.

Regarding the put-up or shut-up deadline, which was initially set for 29 November 2023 for MDP and subsequently extended multiple times, most recently to 15 May 2024, the deadline had now been further extended to 12 June, to facilitate ongoing discussions and due diligence between Equals and both MDP and the consortium.

Under the Takeover Code, MDP and the consortium would need to announce a firm intention to make an offer or declare their intentions by the revised deadline.

At 1158 GMT, Equals Group shares were down 1.75% at 123.8p.

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 104.00p
Change Today -0.50p
% Change -0.48 %
52 Week High 131.50
52 Week Low 93.00
Volume 682,795
Shares Issued 187.63m
Market Cap £195.13m
RiskGrade 292

Equals Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.12% below the market average75.12% below the market average75.12% below the market average75.12% below the market average75.12% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average
6.90% above the sector average6.90% above the sector average6.90% above the sector average6.90% above the sector average6.90% above the sector average
Income
15.44% above the market average15.44% above the market average15.44% above the market average15.44% above the market average15.44% above the market average
15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average
Growth
99.00% above the market average99.00% above the market average99.00% above the market average99.00% above the market average99.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% 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 18-Jun-2024

Time Volume / Share Price
16:35 175,000 @ 104.00p
16:05 83,444 @ 103.75p
16:30 89,000 @ 103.77p
16:35 10,441 @ 104.00p
16:35 444 @ 104.00p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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