Business
Helios Fairfax Partners Corporation provides update with respect to offer for CAB Payments Holdings plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO...
About this update from Helios Fairfax Partners Corp.
[{"type":"text","content":"Helios Fairfax Partners Corporation provides update with respect to offer for CAB Payments Holdings plc\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION         TORONTO, April 17, 2026 (GLOBE NEWSWIRE) -- Update Statement The Helios Consortium notes the announcement on 16 April 2026 by CAB Payments Holdings plc (“CAB Payments”) that it has received a non-binding proposal from StoneX Group Inc. (“StoneX” and the “StoneX Proposal”) relating to a possible offer at a final* price of 110 pence per share in cash. The StoneX Proposal is subject to the satisfaction or waiver of a number of pre-conditions, including the receipt by StoneX of an irrevocable undertaking from the Helios Consortium. The Helios Consortium confirms it has carefully evaluated the StoneX Proposal and concluded that it will not provide such an irrevocable undertaking or otherwise support or accept the StoneX Proposal relating to a possible offer at a final* price of 110 pence per share in cash. The Helios Consortium continues to work towards the satisfaction of the regulatory conditions set out in the Helios Offer Announcement. Capitalised terms used in this announcement, unless otherwise defined herein, have the same meanings as set out in the 2 March 2026 announcement by the Helios Consortium of a firm intention to make a cash offer to acquire the entire issued and to be issued share capital of CAB Payments excluding CAB Payments shares already owned or controlled by Helios Fund III (the “Helios Offer Announcement”). Contacts   Rothschild & Co+44 (0) 20 7280 5000(Financial Adviser to the Helios Consortium) John Deans Toby Ross   Teneo (Communications Adviser)+44 (0) 20 7353 4200Rob Yates Ed Cropley    Notes The Helios Consortium will not be permitted to accept or vote in favour of any firm offer made by StoneX at 110p per share or less for so long as CAB Payments remains in an offer period. *Pursuant to Rule 2.5(a)(ii) of the Code, The StoneX Proposal offer price of 110 pence per share is final and will not be increased, except that...