Apex Fundrock Limited Announces Significant Stake in Equals Group PLC

Apex Fundrock Limited has disclosed a substantial holding in Equals Group PLC, showcasing its interest in the financial technology sector. According to the disclosure, the holding surpasses the 1% threshold, marking a notable investment move. The MI Chelverton UK Equity Growth Fund, under Apex Fundrock, is credited with the ownership and control of the disclosed interests.

The disclosure, adhering to Rule 8.3 of the Takeover Code, reveals that the investment pertains to Equals Group PLC, a position held as of 21 March 2024. This move has not been linked to any offers or propositions, indicating a strategic investment rather than a prelude to acquisition activities.

Apex Fundrock Limited's stake entails 6,250,000 ordinary 1p shares in Equals Group, amounting to a 3.33% interest in the company. There are no short positions or derivative instruments reported, underscoring a direct equity holding strategy. Additionally, the firm executed a sale of 250,000 ordinary shares at £1.183225 each on a date preceding the disclosure.

No other dealings in new securities or derivatives were reported, suggesting a focused investment approach. Moreover, there were no indemnity, dealing arrangements, or understandings related to voting rights or securities disposition that influenced this disclosure.