Business
Increased possible offer for CAB Payments Holdings plc by the Helios Consortium
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":"Increased possible offer for CAB Payments Holdings plc by the Helios Consortium\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 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 AND THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE EVEN IF ANY PRE-CONDITIONS ARE SATISFIED OR WAIVED US$1.15 in cash per CAB Payments Holdings plc share Partial unlisted share alternative TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- The Helios Consortium (as defined below) announces that it is seeking the recommendation for an increased possible offer it made on 29 January 2026 to the board of CAB Payments Holdings plc (“CAB Payments”) to acquire the entire issued and to be issued ordinary share capital of CAB Payments excluding those shares already held by Helios Fund III (as defined below) (the “Increased Possible Offer”). The Helios Consortium holds, controls or has received a letter of support for the Increased Possible Offer in respect of 127,905,170 CAB Payments shares, representing 50.33 per cent. of the issued share capital of CAB Payments (further details of the Helios Fund III shareholding and the letter of support are set out below). Under the terms of the Increased Possible Offer, CAB Payments’ shareholders would be entitled to receive US$1.15 in cash per existing CAB Payments share (the “Cash Offer”). Should a firm offer be made, the Helios Consortium would also make available a partial unlisted share alternative (the “Unlisted Share Alternative”). The Increased Possible Offer price represents a: 21% premium to the volume weighted average share price for the thirty-day trading period ended 30 January 2026;37% premium to the volume weighted average share price for the ninety-day trading period ended 30 January 2026; andvalue of US$292 million and £213 million (based on the closing US:GBP spot exchange rate as at 30 January 2026) for the entire issued and to be issued share capital of CAB Payments. The Increased Possible Offe...