Business
Final* Recommended Cash Acquisition
IPF Parent Holdings Limited has announced a revised final recommended cash acquisition for International Personal Finance Plc, increasing the offer to 235 pence per share in cash plus a special dividend of 15 pence per share, bringing the total to 250 pence per share. This revised offer is conditional on court sanction and the approval of IPF shareholders at meetings scheduled for March 11, 2026. The acquisition is now anticipated to complete by the end of Q2 2026. Janus Henderson Investors UK Limited has provided an irrevocable undertaking to vote in favour of the scheme for approximately 4.08% of IPF shares, and JO Hambro Capital Management Limited has issued a letter of intent to vote in favour for approximately 3.04% of shares. The IPF Directors continue to unanimously recommend the revised offer. Disclaimer*
About this update from International Personal Finance Plc
[{"type":"text","content":"\n\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 OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n25 February 2026\nFINAL* RECOMMENDED CASH ACQUISITION\nOF\nINTERNATIONAL PERSONAL FINANCE PLC\nBY\nIPF PARENT HOLDINGS LIMITED\na newly formed company in the same group as BasePoint Capital LLC (\"BasePoint\")\n \nto be effected by means of a Scheme of Arrangement\nunder Part 26 of the Companies Act 2006\n \nRevised Offer Declared As Final*\nIntroduction\nOn 24 December 2025, the boards of IPF Parent Holdings Limited (\"Bidco\") and International Personal Finance Plc (\"IPF\") announced, pursuant to Rule 2.7 of the Takeover Code (the \"Rule 2.7 Announcement\"), that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of IPF by Bidco (the \"Acquisition\"). The Acquisition is to be effected by means of a Court-sanctioned Scheme of Arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\").\nThe circular in relation to the Scheme (the \"Scheme Document\") was published on 15 January 2026.\nAs announced by the Company on 10 February 2026 and 11 February 2026 (the \"Adjournment Announcements\"), the Court Meeting and the General Meeting in connection with the Scheme have been adjourned to, in respect of the Court Meeting, 11 March 2026 at 12.00 noon and, in respect of the General Meeting, 11 March 2026 at 12.15 p.m. (or as soon thereafter as the Court Meeting concludes or is further adjourned). Both the Court Meeting and the General Meeting will be held at 26 Whitehall Road, Leeds, LS12 1BE, United Kingdom.\nThis announcement should be read in conjunction with the Scheme Document and the Adjournment Announcements. Unless otherwise defined, capitalised terms used in this announcement have the same meanings as set out in the Scheme Document.\nThis announcement is being made jointly by Bidco and IPF.\nTerms of the Revised Offer Declared as Final*\nSince the Rule 2.7 Announcement, Bidco and IPF, together with their advisors, have engaged with IPF Shareholders to discuss the views of the IPF Shareholders. Following such engagement, Bidco and IPF are pleased...