logo-loader
viewEquals Group Plc

Equals Group to speed up corporate products development after funding round

"The new funds raised will enable us to accelerate our plans for our corporate offering, as we target new territories, and provide the means for further strategic acquisitions.”

Equals Group Plc - Equals Group confirms £16mln fund raise for acquisitions

Equals Group Plc (LON:EQLS) has confirmed a £16mln fundraise for acquisitions in the business payments market.

Formerly called FairFx, the e-payment services provider said shares would be issued at 110p per share via a £14mln placing and £2mln open offer.

Ian Strafford-Taylor, chief executive, added: "We have been hugely encouraged by the level of support received from new and existing institutional shareholders. 

"The group has evolved significantly in recent years with the growth of our corporate offering, strategic acquisitions, which have expanded our capabilities, and being granted settlement accounts with the Bank of England, which has given Equals access to the Faster Payments Scheme.

"The new funds raised will enable us to accelerate our plans for our corporate offering, as we target new territories, and provide the means for further strategic acquisitions.”

Quick facts: Equals Group Plc

Price: 77.4 GBX

AIM:EQLS
Market: AIM
Market Cap: £138.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Equals Group Plc named herein, including the promotion by the Company of Equals Group Plc in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Equals Group PLC raises £16mln for acquisitions

Top stories from the Proactive UK newsroom. E payments group Equals (LON:EQLS) is to raise £16mln though a placing and open offer to give it some firepower to make acquisitions and accelerate the development of its corporate product.  Healthcare marketing group Cello Health (LON:CLL)...

on 16/8/19

2 min read