Equals Group PLC said it extended the deadline for Embedded Finance Ltd and TowerBrook Capital Partners UK LLP to announce whether they intend or not intend to make a takeover offer.

The London-based payment platform developer said the deadline has been extended to May 15 from April 17, which was already an extended deadline from March 20.

On March 20, Equals announced the non-binding proposal by the consortium comprising Embedded Finance Ltd, a London-based fintech software firm that trades as Railsr, and TowerBrook Capital Partners (UK) LLP, a New York- and London-based investor.

Equals shares were up 1.6% to 126.02 pence each in London on late Wednesday morning.

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