Equals Group PLC Result of AGM (5499R)
June 30 2020 - 6:51AM
UK Regulatory
TIDMEQLS
RNS Number : 5499R
Equals Group PLC
30 June 2020
For immediate release 30 June 2020
Equals Group plc
('Equals' or the 'Company')
Result of AGM
Update on Wirecard Card Solutions
Equals (AIM:EQLS) , the fast-growing B2B focused e-banking and
international payments group, announces that at the Company's
Annual General Meeting held earlier today, all resolutions put to
shareholders were voted on the basis of a poll of shareholders
votes and duly passed. The results of the proxy voting position
received in advance of the meeting are reported below. The full
text of each of the resolutions is set out in the Notice of AGM
which can be viewed at www.equalsplc.com.
In Favour Discretion Against Withheld Total Votes
Resolution No of Votes % Votes % Votes % Votes Cast
1 118,118,347 94.0% 154,315 0.1% 7,313,664 5.8% 73,927 125,660,253
2 125,577,326 99.9% 0 0.0% 9,000 0.0% 73,927 125,660,253
3 125,423,011 99.8% 154,315 0.1% 9,000 0.0% 73,927 125,660,253
4 125,413,761 99.8% 154,315 0.1% 82,722 0.1% 9,455 125,660,253
5 125,412,235 99.8% 154,315 0.1% 84,248 0.1% 9,455 125,660,253
Notes :
A vote withheld is not a vote in law and is not counted in the
calculation of the percentage of the votes validly cast for or
against a resolution. All resolutions put to the meeting were
carried.
As at the time of the meeting, the Company had 178,602,918
ordinary shares of 0.01 pence each in issue and as such this has
been used to calculate the percentage of votes in favour or against
each resolution. Each of these shares carry one vote. The Company
held no shares in treasury.
2019 Annual Report
Further to the publication of the Group's Preliminary Results on
29 June 2020, Equals expects to publish its 2019 audited Annual
Report and Accounts for its financial year ended 31 December 2019
shortly. A separate General Meeting will be convened by the Group
to approve the 2019 Annual Report and Accounts and an announcement
relating to this will be made in due course.
Update on Wirecard Card Solutions
Late on 29 June 2020, the FCA announced that regulated activity
could recommence at the UK entity of Wirecard Card Solutions
('WDCS') as of 00.01hrs on 30 June 2020. This announcement, coming
only three days after the FCA suspended activity, makes it clear
that at all times WDCS was following correct safeguarding protocols
and that customer money was safe when activity was suspended and
remains safe going forwards.
For Equals Group this reinforces the Board's assessment that at
all times customer monies were secure and that WDCS was not
affected by the insolvency and ongoing issues of its parent
company, Wirecard AG. This ruling also means a resumption of the
normal working of the Group's FairFX travel cards. However, given
the other issuance options open to the Group, it will be
re-assessing strategy in this area going forward as a matter of
urgency and also offering its customers more choice including by
launching a new multi-currency FairFX card, not issued via WDCS,
this week.
- Ends -
For more information, please contact:
Equals Group plc
Tony Quirke, Company Secretary Tel: +44 (0) 20 7778
9357
www.equalsplc.com
Cenkos Securities plc (Nominated Advisor
/ Joint Broker)
Max Hartley / Callum Davidson Tel: +44 (0) 20 7397
Nick Searle (Sales) 8900
Canaccord Genuity (Joint Broker)
Bobbie Hilliam / David Tyrell Tel: +44 (0) 20 7523
Alex Aylen (Sales) 8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Watson Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
Equals is a leading challenger brand in banking and payments
that disintermediates the incumbent banks with a superior user
experience and low-cost operating model. The Group enables its
personal and business customers to make easy, low-cost payments
both domestically and in a broad range of currencies across a range
of products all via one integrated system.
Equals provides money movement services to both business and
personal customers through five inter-connected channels -
International Payments, Corporate Expenses platform, Bank Accounts,
Travel Money (comprising currency cards and physical currency).
International Payments channel supports wire transfer foreign
exchange transactions direct to bank accounts. For corporates,
Equals has a market-leading business-expenses solution based around
its corporate platform and prepaid card which yields significant
cost savings via tighter control on expenses before they are
incurred coupled with eliminating inefficient processes. Equals
also offers business and retail bank accounts with all the
functionality offered by banks, namely faster payments, BACs,
direct debits, international payments and a debit card. The Travel
Money offerings (retail currency card and physical currency)
represent cost-effective and secure methods for travelers to spend
abroad.
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END
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