Business
Results of Court Meeting and General Meeting
International Personal Finance Plc (IPF) announced that both the Court Meeting and General Meeting held on March 11, 2026, approved the recommended cash acquisition by IPF Parent Holdings Limited (Bidco). The acquisition, to be implemented via a scheme of arrangement, will now include a special dividend of 15 pence per share in addition to the previously agreed cash consideration of 235 pence per IPF Share. The resolutions passed confirm shareholder approval for the scheme as amended to include this special dividend, with a significant majority of Scheme Shareholders and IPF Shareholders voting in favour. The parties are targeting completion of the acquisition by the end of Q2 2026, subject to the satisfaction of remaining conditions, including court sanction. 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 OR REGULATIONS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n11 MARCH 2026\nFINAL* RECOMMENDED CASH ACQUISITION\nof\nINTERNATIONAL PERSONAL FINANCE PLC (\"IPF\")\nby\nIPF PARENT HOLDINGS LIMITED (\"Bidco\")\n(to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006)\nResults of Court Meeting and General Meeting held on 11 March 2026\nOn 24 December 2025, the Boards of IPF and Bidco announced that they had reached agreement on the terms and conditions of a recommended offer by Bidco to acquire the entire issued and to be issued ordinary share capital of IPF (the \"Acquisition\"). The Acquisition is intended to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\").\nA circular in relation to the Acquisition was published by IPF on 15 January 2026 (the \"Scheme Document\"). Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Document and all references to times in this announcement are to London time unless otherwise stated.\nOn 10 February 2026, IPF announced that the IPF Directors had decided, following feedback from some IPF Shareholders, that the Court Meeting and General Meeting, which were originally scheduled for 11 February 2026, should occur following the publication of IPF's results for the year ended 31 December 2025, and had consequently determined to adjourn the Court Meeting and General Meeting to 11 March 2026. On 11 February 2026, IPF confirmed these adjournments to the Court Meeting and the General Meeting.\nOn 25 February 2025, Bidco and IPF, following engagement with IPF Shareholders, announced that they had reach agreement on the terms of a *final and revised offer (the \"Final and Revised Offer\") to increase the cash value for IPF Shareholders. Under the terms of the Final and Revised Offer, in addition to the Cash Consideration already proposed in the Scheme Document (being 235 pence in cash per IPF Share) and the entitlement of eligible IPF Shareholders, as set out in the Scheme Document, to retain the final di...