Update on Letter of Intent
FirstCash Holdings, Inc., through its subsidiary Chess Bidco Limited, has provided an update on letters of intent regarding its recommended cash acquisition of Ramsdens Holdings PLC. While a portion of shares previously subject to a letter of intent from TrinityBridge has been sold, the total number of Ramsdens Shares subject to letters of intent now stands at 4,297,426, representing approximately 13.16% of the issued share capital as of July 21, 2026. Combined with irrevocable undertakings from Ramsdens Directors for 1,335,860 shares (approximately 4.09%), the total number of Ramsdens Shares committed to the scheme of arrangement or takeover offer is 5,633,286, or approximately 17.25% of the total issued share capital.
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FOR
RAMSDENS HOLDINGS PLC
BY
CHESS BIDCO LIMITED
(an indirect wholly-owned subsidiary of FirstCash Holdings, Inc.)
to be implemented by means of a scheme of arrangement under
Part 26 of the Companies Act 2006
Update on Letters of Intent
Letters of Intent
As set out the in the Revised Offer Announcement, Bidco received non-binding letters of intent from Lion Nominees Limited (as nominee for TrinityBridge Limited) ("TrinityBridge") and Downing LLP ("Downing") to vote in favour of the Scheme at the Court Meeting and the Resolution at the General Meeting (or, in the event that the Revised Offer is implemented by way of a Takeover Offer, to accept or procure acceptance of the Takeover Offer) in respect of a total of 4,298,782 Ramsdens Shares representing, in aggregate, approximately 13.16 per cent. of the existing issued ordinary share capital of Ramsdens as at 15 July 2026, being the last Business Day before the Revised Offer Announcement.
Pursuant to a Form 8.3 released by TrintyBridge on 21 July 2026, Bidco became aware that 1,356 Ramsdens Shares that were subject to the TrintyBridge letter of intent had been sold, and so therefore the total number of Ramsdens Shares which are subject to the TrintyBridge Letter of Intent is now 2,283,243 Ramsdens Shares, representing approximately 6.99 per cent. of the existing issued ordinary share capital of Ramsdens as at the close of business on 21 July 2026, being the last Business Day prior to the date of this announcement.
Accordingly therefore, the total number of Ramsdens Shares which are subject to letters of intent to vote in favour of the Scheme at the Court Meeting and the Resolution at the General Meeting (or, in the event that the Revised Offer is implemented by way of a Takeover Offer, to accept or procure acceptance of the Takeover Offer) is 4,297,426 Ramsdens Shares representing approximately 13.16 per cent. of the total issued share capital of Ramsdens as at 21 July 2026, being the last Business Day prior to the date of this announcement.
In addition to the letters of intent, as described in the Rule 2.7 Announcement, Bidco has received irrevocable undertakings from those Ramsdens Directors to vote in favour of the Scheme at the Court Meeting and the Resolution at the General Meeting (or, in the event that the Revised Offer is implemented by way of a Takeover Offer, to accept or procure acceptance of the Takeover Offer) is 1,335,860 Ramsdens Shares representing approximately 4.09 per cent. of the total issued share capital of Ramsdens as at 21 July 2026, being the last Business Day prior to the date of this announcement.
In aggregate therefore, the total number of Ramsdens Shares which are subject to irrevocable undertakings or a letter of intent to vote in favour of the Scheme at the Court Meeting and the Resolution at the General Meeting (or, in the event that the Revised Offer is implemented by way of a Takeover Offer, to accept or procure acceptance of the Takeover Offer) is 5,633,286 Ramsdens Shares representing approximately 17.25 per cent. of the total issued share capital of Ramsdens as at 21 July 2026, being the last Business Day prior to the date of this announcement.
Overseas jurisdictions
Further details in relation to Overseas Shareholders will be contained in the Scheme Document.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.