EQUALS GROUP PLC

AGM Information • Oct 3, 2023

National Storage Mechanism | Additional information

RNS Number : 5428O

Equals Group PLC

03 October 2023

For immediate release	3 October 2023

Equals Group plc

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

Result of General Meeting

Equals Group plc (AIM:EQLS), the fintech payments group focused on the Enterprise and SME marketplaces, is pleased to announce that at the General Meeting held earlier today in London, the special resolution put to shareholders regarding the proposed reduction of the Company's Share Premium Account in the amount of £25,000,000.00 (the 'Capital Reduction'), was duly passed. The results of the proxy voting position received in advance of the meeting and received at the meeting are reported below.

Resolution	Votes for	%	Votes against	%	Votes withheld
Special Resolution That the share premium account of the Company be reduced by £25,000,000	104,676,718	99.96	36,882	0.04	61,689

The Capital Reduction will create additional distributable reserves to the value of around £25,000,000, which (subject to any arrangements required for the protection of the Company's creditors and any directions given by the High Court of Justice in England and Wales (the 'Court'), in confirming the Capital Reduction) may be used by the Company to deliver returns to shareholders in the future, whether in the form of dividends, distributions or purchases of the Company's own shares. The expected date for the Court hearing to confirm the Capital Reduction is 24 October 2023 and the expected date for completion of the Capital Reduction is 31 October 2023.

The Board intends conditional, inter alia, upon the completion of the Capital Reduction, to pay a maiden dividend of 1.5 pence per share in respect of the financial year 2023.  A further announcement will be made in due course following the conclusion of the Capital Reduction.

- Ends -

For more information, please contact:

Equals Group plc
Ian Strafford-Taylor, CEO Richard Cooper, CFO	Tel: +44 (0) 20 7778 9308 www.equalsplc.com
Canaccord Genuity (Nominated Adviser & Joint Broker)
Max Hartley / Harry Rees	Tel: +44 (0) 20 7523 8150
Peel Hunt LLP (Joint Broker)
Paul Shackleton / John Welch	Tel: +44 (0) 20 7418 8900
Buchanan (Financial Communications)
Henry Harrison-Topham / Stephanie Whitmore / Toto Berger equals@buchanan.uk.com	Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com

Notes to Editors:

Equals Group plc 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. For more information, please visit www.equalsplc.com.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMNKNBKDBDDQKK