Business
Recommended Cash Acquisition
IPF Parent Holdings Limited has announced a recommended cash acquisition of International Personal Finance Plc (IPF) for 235 pence per share, valuing the company at approximately £543 million, excluding any final dividend of up to 9 pence per share. This offer represents a significant premium to IPF's recent trading prices, with premiums ranging from 31.1% to 62.0% over various historical periods. The acquisition, to be effected by a Scheme of Arrangement, is supported by the IPF Directors, who intend to recommend it unanimously to shareholders. BasePoint Capital LLC, the group behind Bidco, sees strategic value in IPF's global financial services model and its role in financial inclusion, and plans to leverage its expertise to support IPF's future growth. The transaction is expected to complete in the third quarter of 2026, subject to regulatory and shareholder approvals. 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\n24 December 2025\nRECOMMENDED 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\nSummary\n· The boards of IPF Parent Holdings Limited (\"Bidco\") and International Personal Finance Plc (\"IPF\") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued ordinary share capital of IPF (the \"Acquisition\").\n· Under the terms of the Acquisition, IPF Shareholders will be entitled to receive:\nfor each IPF Share: 235 pence in cash (the \"Cash Consideration\")\n· Under the terms of the Acquisition, eligible IPF Shareholders will additionally be entitled to retain any final dividend which may be declared by IPF in respect of its financial year ended 31 December 2025 up to a maximum final dividend of 9 pence per IPF Share (the \"Permitted Dividend\"). Any such final dividend is expected to be declared on 25 February 2026, alongside IPF's 2025 full-year results.\n· The terms of the Acquisition value the entire issued and to be issued ordinary share capital of IPF at approximately £543 million (not including any Permitted Dividend) and represent a premium of approximately:\no 31.1 per cent. to the Closing Price of 179.2 pence per IPF Share on 29 July 2025 (being the last Business Day prior to the commencement of the Offer Period);\no 45.3 per cent. to the volume-weighted average price of 161.8 pence per IPF Share for the three-month period ended on 29 July 2025 (being the last Business Day prior to the commencement of the Offer Period);\no 62.0 per cent. to the volume-weighted average price of 145.1 pence per IPF Share for the six-month period ended on 29 July 2025 (being the last Business Day prior to the commencement of the Offer Period); an...