Dear client
The boards of directors of each of Equals and BidCo are pleased to announce that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Equals (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.
Under the terms of the Acquisition, Equals Shareholders shall be entitled to receive:
140 pence in cash per Equals Share (the "Cash Value"),
comprising a cash consideration of 135 pence for each Equals Share (the "Cash Consideration") plus a special dividend payment of 5 pence in cash per Equals Share that the board of directors of Equals intends to declare prior to completion of the Acquisition with the record and payment dates aligned with the corresponding dates for determining entitlements to, and payment of, the Cash Consideration due to Equal Shareholders under the terms of the Acquisition (the "Special Dividend").
The Acquisition is expected to become Effective during Q2 2025, subject to the satisfaction or (where applicable) waiver of the Conditions.
Please see link to the notification received: https://www.londonstockexchange.com/news-article/EQLS/rule-2-7-announcement/16807075
There are currently no shareholders on the platform.
Kind regards
Corporate Action Team
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