The Board of Equals Group plc (LON:EQLS) today issued a response to recent press speculation.
Equals confirmed that as part of its ongoing strategic review the Board has received an indicative non-binding proposal from a consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook Capital Partners (U.K.) LLP regarding a possible offer for the entire issued and to be issued share capital of Equals.
There can be no certainty that any firm offer for Equals will be made, nor as to the terms on which any firm offer, if made, might be made. Shareholders are advised to take no action at this time.
In accordance with Rule 2.6(a) of the Code, by not later than 5.00 pm on 17 April 2024, the Consortium must either…
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