Equals Group PLC Directorate Change (4178B)
October 08 2020 - 2:00AM
UK Regulatory
TIDMEQLS
RNS Number : 4178B
Equals Group PLC
08 October 2020
8 October 2020
Equals Group plc
('Equals', the 'Group' or the 'Company')
Directorate Change
Equals (AIM:EQLS) , the fast-growing B2B focused e-banking and
international payments group, announces that John Pearson will
stand down from his position as a Non-Executive Director of the
Company with effect from 9 October 2020. This Board change is part
of an orderly transition of a wider succession plan, which saw Alan
Hughes replace John Pearson as Chairman in June 2020. Having
recruited Alan Hughes for the Chair role John Pearson had agreed to
stay on for a short hand-over period, which has now concluded. The
Company has initiated a process to recruit a successor who can
assist with the next phase of growth for Equals and an update will
be provided in due course.
Ian Strafford-Taylor, Chief Executive Officer of Equals, said:
"John has been a valued member of the Board since November 2014
when he joined as a Chairman. Over the last six years, I have
personally been extremely grateful for his wise counsel and his
drive to grow the business into what it is today. I know that the
rest of the Board will join me in thanking him and wishing him the
very best going forward."
John Pearson, added: "My role at Equals, first as Chairman and
then more latterly as a Non-Executive Director, has been an
exciting and tremendous growth journey. I am proud of the
significant strides the Group has made as well as the challenges
that it has overcome. I wish everyone at Equals the very best and I
will continue to keep a keen eye on the Group as it continues to
grow and prosper."
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
9308
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 payments that
disintermediates the incumbent banks with a superior user
experience and low-cost operating model. The Group enables its
business and personal 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, Current
Accounts and 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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