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Equals in 'advanced stages' of £14mln equity raise

The payment services provider is also looking to raise an additional £2mln through an open offer to existing shareholders.

Equals Group Plc -

Equals Group Plc (LON:EQLS) has confirmed press speculation that it is in the advanced stages of carrying out a £14mln equity raise.

The payment services provider, formerly called FairFx,  said the potential share placing would be priced at 110p per share with the proceeds to be used to “accelerate organic growth and to fund potential acquisitions”.

It is also looking to raise an additional £2mln through an open offer to existing shareholders.

Quick facts: Equals Group Plc

Price: 89.5 GBX

AIM:EQLS
Market: AIM
Market Cap: £159.47 m
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