Equals confirms conducting evaluation of its strategic choices

The Board of Equals Group plc (LON:EQLS) confirms that it’s conducting a evaluation of the corporate’s strategic choices.

As a part of this course of, Equals has contacted a restricted variety of potential counterparties together with Fleetcor Europe Restricted and Madison Dearborn Companions, LLC to evaluate whether or not such events might put ahead a proposal that may ship larger worth to Equals’ shareholders than pursuing a standalone impartial technique.

Any such proposal might embody a suggestion for the whole issued and to be issued share capital of the Firm.

Present buying and selling stays according to the Board’s expectations.

In accordance with Rule 2.6(a) of the Takeover Code, by not later than 5.00 pm on 29 November 2023, every of Fleetcor Europe Restricted and Madison Dearborn Companions, LLC should both announce a agency intention to make a suggestion for Equals underneath Rule 2.7 of the Takeover Code or announce that it doesn’t intend to make a suggestion for Equals, by which case the announcement shall be handled as an announcement to which Rule 2.8 of the Takeover Code applies. This deadline will solely be prolonged with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Takeover Code.

As a consequence of in the present day’s announcement, an ‘supply interval’ has now commenced in respect of the Firm.