Response To Possible Offer Announcement
CAB Payments Holdings PLC has received an unsolicited, non-binding proposal from StoneX Group Inc. for the entire issued share capital at 95 pence per share in cash. The Independent Board is currently evaluating this possible offer with its advisors, considering the company's improved financial and operational performance in FY25 and its strategic guidance. Shareholders are advised to take no action at this time, as there is no certainty that an offer will be made or on what terms.
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THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE 'CODE') AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, AND, SAVE AS SET OUT IN THE STONEX ANNOUNCEMENT, NO CERTAINTY AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE
CAB PAYMENTS HOLDINGS PLC
('CAB PAYMENTS' OR THE 'COMPANY' OR THE 'GROUP')
RESPONSE TO POSSIBLE OFFER ANNOUNCEMENT BY STONEX
The Board of CAB Payments excluding Henry Obi and Nitin Kaul (the 'Independent Board') notes the recent announcement made by StoneX Group Inc. ('StoneX') regarding a possible offer from StoneX for the Company (the 'StoneX Announcement'). The Independent Board confirms that on 15 March 2026 it received an unsolicited non-binding proposal from StoneX relating to a possible offer for the entire issued and to be issued share capital of CAB Payments at a price of 95 pence per CAB Payments share in cash (the 'Possible Offer'). The Possible Offer is subject to the satisfaction or waiver of a number of pre-conditions as set out in the StoneX Announcement.
The Independent Board is currently evaluating the Possible Offer with its financial and legal advisers. A further announcement will be made when appropriate.
In evaluating the Possible Offer, the Independent Board will take into account the significant improvement in the Company's financial and operational performance in FY25 and both the strategic and financial guidance provided to the market at the Company's results, announced on 5 March 2026. The Independent Board will also continue to engage with its shareholders. The Company's relationship-led approach is winning and retaining clients, a core pillar of the Company's future strategy and further underpins the Independent Board's confidence in delivering attractive returns for shareholders.
There can be no certainty that any offer will be made by StoneX, and, save as set out in the StoneX Announcement, no certainty as to the terms on which any offer might be made.
CAB Payments shareholders are advised to take no action at this time.
This announcement has been made without the consent of StoneX.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.