NOT
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.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THIS ANNOUNCEMENT
CONTAINS INSIDE INFORMATION
FOR
IMMEDIATE RELEASE
7th November
2024
StoneX Group Inc.
("StoneX")
No Intention to Make an Offer
for CAB Payments Holdings plc ("CAB Payments")
StoneX notes the announcements by
CAB Payments on 10th October 2024 and 30th
October 2024.
StoneX confirms that it does not
intend to make an offer for CAB Payments. This is a statement to
which Rule 2.8 of the Code applies. Accordingly, StoneX and any
person acting in concert with it will, except with the consent of
the UK Panel on Takeovers and Mergers ("Panel"), be bound by the
restrictions under Rule 2.8 of the Code, save in the circumstances
set out below or otherwise with the consent of the
Panel.
Under Note 2 on Rule 2.8 of the
Code, StoneX (and any person acting in concert with it) reserves
the right to set aside the restrictions in Rule 2.8 of the Code
within six months of the date of this announcement in any one or
more of the following circumstances: (i) with the agreement of the
Board of CAB Payments; (ii) a third party announces a firm
intention to make an offer for CAB Payments; (iii) CAB Payments
announces a Rule 9 waiver proposal (as described in Note 1 of the
Notes on Dispensations from Rule 9 of the Code) or a reverse
takeover (as defined in the Code); or (iv) there has been a
material change of circumstances (as determined by the
Panel).
Contacts
StoneX
Kevin
Murphy
+1 (212) 403 7296
About StoneX
StoneX Group Inc.,
through its subsidiaries, operates a global financial services
network that connects companies, organizations, traders, and
investors to the global market ecosystem through a unique blend of
digital platforms, end-to-end clearing and execution services, high
touch service and deep expertise. StoneX strives to be the one
trusted partner to its clients, providing its network, product, and
services to allow them to pursue trading opportunities, manage
their market risks, make investments, and improve their business
performance. A Fortune-500 company headquartered in New
York City and listed on the Nasdaq Global
Select Market (NASDAQ:SNEX), StoneX Group
Inc. and its approximately 4,000 employees
serve more than 54,000 commercial, institutional, and global
payments clients, and more than 400,000 retail accounts, from more
than 40 offices spread across five
continents.
Important notices:
This announcement is not intended to
and does not constitute or form any part of any offer to buy or the
solicitation of an offer to subscribe for, sell or otherwise
dispose of, or an invitation to purchase, otherwise acquire or
subscribe for any securities or the solicitation of any vote in any
jurisdiction whether pursuant to this announcement or
otherwise. Any offer (if made) will be made
solely by certain offer documentation which will contain the full
terms and conditions of any offer (if made), including details of
how it may be accepted.
The release, publication or
distribution of this announcement in whole or in part in, into or
from certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions or into whose possession this
announcement comes should inform themselves about and observe such
restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities law of any such
jurisdiction.
This announcement has been prepared
in accordance with English law and information disclosed may not be
the same as that which would have been prepared in accordance with
the laws of jurisdictions outside England.
Website publication:
In accordance with Rule 26.1 of the
Code, a copy of this announcement will be published on StoneX's
website at www.stonex.com promptly and by no later than 12 noon (London time) on the
business day following this announcement (subject to certain
restrictions relating to persons resident in restricted
jurisdictions). The content of this website is not incorporated in,
and does not form part of, this announcement.