Equals Group PLC Directorate Change (1184E)
26 February 2020 - 6:00PM
UK Regulatory
TIDMEQLS
RNS Number : 1184E
Equals Group PLC
26 February 2020
26 February 2020
Equals Group plc
("Equals" or "the Group" or "the Company")
Directorate Change
Appointment of Non-Executive Director
Equals Group plc, the e-banking and international payments
group, is delighted to announce the appointment of Alan Hughes as
Non-Executive Director with effect from 1 March 2020.
Alan, aged 68, is a highly experienced director with a
speciality in fast-growth banks and fintech businesses. He was
formerly chief executive of challenger bank First Direct, which
grew four-fold under his stewardship and was consistently ranked
highest amongst its peers in terms of customer satisfaction. In
2013 Alan led a consortium backed by Blackstone and AnaCap which
bid for 312 Royal Bank of Scotland branches, in a deal worth
approximately GBP1 billion.
Alan's previous roles include Non-Executive Director of New Day
Group, one of the UK's largest private equity backed issuers of
credit cards, and Chairman of Retail Money Market Limited, a
leading peer-to-peer lending platform for retail investors. Until
2004, Alan was an Executive Board member and General Manager at
HSBC Bank plc.
Alan is currently Non-Executive Chairman of Unity Trust Bank
plc, an independent bank with a focus on social benefit, as well as
Senior Independent Director and Deputy Chair of Hitachi Capital
(UK) plc, a regulated personal finance company.
John Pearson, Non-Executive Chairman, commented:
" We are delighted that Alan is joining the Group as he brings
not only a wealth of industry expertise but also extensive
experience as a successful director of fintech businesses. As
Equals continues its growth trajectory, Alan's guidance as
Non-Executive Director will be invaluable to the Group."
Further disclosures pursuant to Schedule Two, paragraph (g) of
the AIM Rules for Companies:
Alan Renatus Frederick Hughes, is currently or has previously
been a director of the following companies within the past five
years:
Current directorships Previous directorships (within
the past five years)
Unity Trust Bank PLC FFrees Family Finance Limited
Hitachi Capital (UK) PLC Newday Group Limited
Newday Limited
Retail Money Market Limited
Hampden & Co PLC
London Business Finance Limited
Save as disclosed above, there is no further information to be
disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules
for Companies.
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO +44 (0) 20 7778
Richard Cooper, Group CFO 9308
Cenkos Securities plc - Nominated
Advisor and Joint Broker
Max Hartley (Nomad)
Callum Davidson +44 (0) 20 7397
Nick Searle - Sales 8900
Canaccord Genuity Limited - Joint
Broker
Bobbie Hilliam
David Tyrrell +44 (0) 20 7523
Alex Aylen - Sales 8150
Yellow Jersey
Charles Goodwin
Joe Burgess +44 (0) 7747 788
Annabel Atkins 221
About Equals
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. Our business enables
personal and business customers to make easy, low-cost payments
both domestically and in a broad range of currencies and across a
range of products all via one integrated system. The Equals
platform facilitates payments either direct to Bank Accounts or at
35 million merchants and over 1 million ATM's in a broad range of
countries globally via Mobile apps, the Internet, SMS, wire
transfer and MasterCard/VISA debit cards.
Equals provides money movement services to both personal and
business customers through four channels: Currency Cards, Physical
Currency, International Payments and Bank Accounts. The Currency
Card and Physical Currency offerings facilitate multiple overseas
payments at points of sale and ATM's whereas the 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. This service can yield
significant savings on a Corporate's expenses and procurement both
domestically and overseas, through better controls and improved
transparency. The platform also streamlines the downstream
administrative processes and integrates into accounting software,
thus saving costs. Equals offers retail and business bank accounts
with all the functionality you would expect from a bank, namely
faster payments, BACs, direct debits, international payments and a
debit card.
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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