REG - CAB Payments Hldgs StoneX Group Inc. - Response to statement from StoneX

Cab Payments HoldingsAnnouncement

07/11/2024 07:15

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RNS Number : 3366L  CAB Payments Holdings PLC  07 November 2024

7 November 2024

 

 

 

CAB Payments Holdings plc

('CAB Payments' or the 'Company')

 

Response to statement from StoneX

 

CAB Payments notes the announcement by StoneX Group Inc. ("StoneX") confirming
that it does not intend to make an offer for the Company. As a result, StoneX
is bound by the restrictions in Rule 2.8 of the Takeover Code.

 

The Board of CAB Payments is highly confident in the Company's strategy and is
pleased with the strategic progress being made. This is expected to drive
attractive, sustainable growth from 2025 onwards underpinned by four strategic
pillars:

 

·      Network - strengthening the breadth and depth of network

·      Clients - deepen existing relationships, expand the client base

·      Platform - leverage the banking licence to accelerate FX and
payments volume growth

·      Invest and innovate - disciplined capital management to drive
growth

 

The Company will provide an update on its 2024 full-year trading performance
in January 2025.

 

 
 
 

For further information, please contact:

 

 CAB Payments Holdings plc                                ir@cabpayments.com
 Gaurav Patel, Head of Investor Relations

 Barclays Bank plc, acting through its Investment Bank    +44 (0) 20 7623 2323

(Financial Adviser and Joint Corporate Broker)
 Aamir Khan / James Woolf / Michael Hart / Anusuya Nayar

 Canaccord Genuity Limited (Joint Corporate Broker)       +44 (0) 20 7523 8000
 Emma Gabriel / Harry Rees

 FTI Consulting LLP (PR Adviser)                          +44 (0) 79 7687 0961
 Edward Bridges / Katie Bell

 

 

Important notices

 

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or solicitation of any offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, whether pursuant to
this announcement or otherwise.

 

The release, distribution or publication of this announcement in jurisdictions
outside the United Kingdom may be restricted by laws or regulations of the
relevant jurisdictions and therefore persons into whose possession this
announcement comes should inform themselves about, and observe, any such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities laws or regulations of any such jurisdiction.

 

Disclaimer

 

Barclays Bank PLC, acting through its Investment Bank ('Barclays'), which is
authorised by the Prudential Regulation Authority and regulated in the United
Kingdom by the Financial Conduct Authority and the Prudential Regulation
Authority, is acting exclusively for CAB Payments and no one else in
connection with the matters set out in this announcement and will not be
responsible to anyone other than CAB Payments for providing the protections
afforded to clients of Barclays nor for providing advice in relation to any
matter referred to in this announcement.

 

Canaccord Genuity Limited ('Canaccord Genuity'), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for CAB Payments and for no-one else in connection with the
matters referred to in this announcement and will not be responsible to any
person other than CAB Payments for providing the protections afforded to
clients of Canaccord Genuity, nor for providing advice in relation to the
matters referred to herein. Neither Canaccord Genuity nor any of its
affiliates (nor any of its or their respective directors, officers, employees,
representatives or agents) owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of
Canaccord Genuity in connection with the matters referred to in this
announcement, or otherwise.

 

 

 

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