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Everyday People Financial Corp. Announces FCA approval of ACT Credit Management Limited Acquisition
Edmonton, Alberta--(Newsfile Corp. - December 18, 2025) - Everyday People Financial Corp. (TSXV:...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Corp. Announces FCA approval of ACT Credit Management Limited AcquisitionEdmonton, Alberta--(Newsfile Corp. - December 18, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a technology-driven financial services provider, is pleased to announce that on December 16, 2025, its wholly-owned subsidiary, BPO Collections Limited (\"BPO\"), received approval from the Financial Conduct Authority (the \"FCA\") in the United Kingdom (\"UK\"), in connection with the share purchase agreement (the \"Purchase Agreement\") dated November 6, 2025, entered into between BPO and the shareholders of ACT Credit Management Limited (\"ACT\") to acquire all of the issued and outstanding shares of ACT (the \"Acquisition\").\"The receipt of FCA approval represents an important regulatory milestone and allows us to move forward with the integration of ACT into our UK revenue cycle management (\"RCM\") operations,\" said Graham Rankin, Co-CEO RCM (UK) of the Company. \"ACT's strong reputation and operational expertise meaningfully enhance our RCM platform in the UK and align well with our disciplined acquisition strategy. We continue to expect ACT to contribute an annual EBITDA in the range of approximately C$750 thousand to C$1.0 million, with anticipated annual revenue in the range of C$6.0 million to C$9.0 million, supporting the Company's ongoing growth through targeted, accretive acquisitions.\" Founded over a decade ago, ACT provides comprehensive debt collection and credit management services across the UK and is authorized and regulated by the FCA. ACT's client base spans multiple industries, offering specialized services in debt recovery, tracing, credit reporting, and legal enforcement.Under the terms of the Purchase Agreement, BPO is to acquire 100% of the issued and outstanding shares in the capital of ACT. The Company will not assume any of ACT's existing debt. The Acquisition will be funded through existing cash flow, and no shares will be issued. This transaction is considered non-material for the Company, does not involve the issuance of Everyday People securities, and does not constitute a \"Fundamental Acquisition\" under TSX Venture Exchange (\"TSXV\") Policy 5.3. As such, the Acquisition meets the criteria of an \"Exempt Transaction\" under TSXV Policy ...