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Rule 8 Announcement to Stockholders

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StoneX Group Inc. (SNEX) has issued a notice to stockholders regarding UK disclosure requirements following its unsolicited non-binding proposal to acquire CAB Payments Holdings plc on October 10, 2024. The announcement triggered an offer period under the UK City Code on Takeovers and Mergers. Key points include:

1. Stockholders with 1% or more interest in relevant securities must make Opening Position and Dealing Disclosures.
2. StoneX common shares are considered relevant securities.
3. The Takeover Panel's Market Surveillance Unit is available for questions.
4. Perella Weinberg UK is acting as StoneX's financial adviser.
5. There is no certainty that an offer will be made or its terms.

StoneX Group Inc. (SNEX) ha emesso un avviso agli azionisti riguardo ai requisiti di divulgazione nel Regno Unito dopo la sua proposta non vincolante di acquisire CAB Payments Holdings plc, presentata il 10 ottobre 2024. L'annuncio ha dato avvio a un periodo di offerta secondo il Codice della City del Regno Unito sulle Ocuponi e Fusione. Punti chiave includono:

1. Gli azionisti con una partecipazione dell'1% o superiore nei titoli pertinenti devono effettuare aperture sulle posizioni e divulgazioni sulle operazioni.
2. Le azioni ordinarie di StoneX sono considerate titoli pertinenti.
3. L'Unità di Sorveglianza del Mercato del Panel per le Ocuponi è disponibile per domande.
4. Perella Weinberg UK funge da consulente finanziario di StoneX.
5. Non c'è certezza che venga effettuata un'offerta né quali potrebbero essere i suoi termini.

StoneX Group Inc. (SNEX) ha emitido un aviso a los accionistas sobre los requisitos de divulgación en el Reino Unido tras su propuesta no vinculante y no solicitada para adquirir CAB Payments Holdings plc el 10 de octubre de 2024. El anuncio dio lugar a un periodo de oferta bajo el Código de la Ciudad del Reino Unido sobre Oferencias y Fusiones. Puntos clave incluyen:

1. Los accionistas con un interés del 1% o más en los valores relevantes deben realizar divulgaciones sobre la Posición de Apertura y las Operaciones.
2. Las acciones comunes de StoneX se consideran valores relevantes.
3. La Unidad de Vigilancia del Mercado del Panel de Oferencias está disponible para preguntas.
4. Perella Weinberg UK actúa como asesor financiero de StoneX.
5. No hay certeza de que se haga una oferta ni de cuáles serían sus términos.

StoneX Group Inc. (SNEX)는 2024년 10월 10일 CAB Payments Holdings plc를 인수하기 위한 비구속 제안과 관련하여 영국 공시 요건에 관한 주주들에게 공지를 발송했습니다. 이 발표는 영국 인수합병 시티 코드에 따른 제안 기간을 시작하게 했습니다. 핵심 사항은 다음과 같습니다:

1. 관련 증권에서 1% 이상의 지분을 가진 주주는 개시 포지션 및 거래 공시를 해야 합니다.
2. StoneX의 보통주는 관련 증권으로 간주됩니다.
3. 인수합병 패널의 시장 감시 부서는 질문을 위해 이용 가능합니다.
4. Perella Weinberg UK는 StoneX의 재무 자문사로 활동하고 있습니다.
5. 제안이 이루어질 것이라는 보장이나 그 조건은 없습니다.

StoneX Group Inc. (SNEX) a émis un avis aux actionnaires concernant les exigences de divulgation au Royaume-Uni suite à sa proposition non sollicitée et non contraignante d'acquérir CAB Payments Holdings plc le 10 octobre 2024. L'annonce a déclenché une période d'offre selon le Code de la City du Royaume-Uni sur les OPA et les fusions. Les points clés incluent :

1. Les actionnaires détenant 1 % ou plus d'intérêts dans des titres pertinents doivent effectuer des divulgations sur la position d'ouverture et les transactions.
2. Les actions ordinaires de StoneX sont considérées comme des titres pertinents.
3. L'unité de surveillance du marché du Panel des OPA est disponible pour toute question.
4. Perella Weinberg UK agit en tant que conseiller financier de StoneX.
5. Il n'y a aucune certitude qu'une offre sera faite ni quels en seront les termes.

Die StoneX Group Inc. (SNEX) hat eine Mitteilung an die Aktionäre bezüglich der Offenlegungspflichten im Vereinigten Königreich veröffentlicht, nachdem ihr unverbindlicher und unaufgeforderter Vorschlag zur Übernahme der CAB Payments Holdings plc am 10. Oktober 2024 eingereicht wurde. Die Ankündigung löste eine Angebotsfrist gemäß dem britischen City Code über Übernahmen und Fusionen aus. Wichtige Punkte sind:

1. Aktionäre mit einem Interesse von 1% oder mehr an relevanten Wertpapieren müssen Offenlegungen über die Eröffnungsposition und den Handel machen.
2. Die Stammaktien von StoneX gelten als relevante Wertpapiere.
3. Die Marktüberwachungseinheit des Übernahmepanels steht für Fragen zur Verfügung.
4. Perella Weinberg UK fungiert als Finanzberater von StoneX.
5. Es besteht keine Gewissheit, dass ein Angebot abgegeben wird oder wie die Bedingungen lauten.

Positive
  • StoneX has made a non-binding proposal to acquire CAB Payments Holdings plc, potentially expanding its business
Negative
  • The proposal is non-binding and there is no certainty an offer will be made
  • Stockholders may face additional disclosure requirements and regulatory scrutiny

StoneX Group Inc.: Notice to stockholders regarding UK disclosure requirements

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. (“StoneX”) wishes to direct the attention of its stockholders to certain disclosure requirements which may be applicable to them in connection with the announcement by CAB Payments Holdings plc (“CAB Payments”) on October 10, 2024 that it had received an unsolicited non-binding proposal from StoneX relating to a possible offer for the entire issued and to be issued share capital of CAB Payments. As a result of that announcement, on that date CAB Payments entered an offer period in accordance with the rules of the UK City Code on Takeovers and Mergers (the “Code”), which is published by the UK Takeover Panel.

There can be no certainty that an offer will be made, nor as to the terms on which an offer might be made.

The relevant disclosure requirements are set out in Rule 8 of the Code. In particular, Rule 8.3 of the Code requires that any person who is interested (directly and indirectly) in 1% or more of any class of relevant security of any party to the offer period must make (a) an Opening Position Disclosure and (b) a Dealing Disclosure if they deal in any relevant security of any party to the offer during an offer period.

StoneX common shares, which are listed on The NASDAQ Stock Market LLC and trade on the NASDAQ Global Select Market, are relevant securities for the purposes of this offer period.

Further information about the Takeover Panel's disclosure regime is available at: http://www.thetakeoverpanel.org.uk/disclosure. If you have any questions on these disclosure requirements, the Takeover Panel's Market Surveillance Unit will be happy to answer them and should be contacted on +44 (0)20 7638 0129.

Enquiries:

Perella Weinberg UK Limited (Financial Adviser)        

Tel: +44 (0) 20 7268 2800
Matthew Smith
Timm Schipporeit
Edyta Lipka
Adnan Choudhury

Notice relating to StoneX’s advisers:

Perella Weinberg UK Limited ("PWP"), which is authorized and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for StoneX in connection with the matters set out in this announcement and for no one else and will not be responsible to anyone other than StoneX for providing the protections afforded to its clients or for providing advice in relation to the matters set out in this announcement. Neither PWP nor any of its subsidiaries, branches or affiliates and their respective directors, officers, employees 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 PWP in connection with this announcement, any statement contained herein or otherwise.

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote in any jurisdiction whether pursuant to this announcement or otherwise, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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

Dealing disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel’s website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

SNEX-G


FAQ

What is the purpose of StoneX's (SNEX) announcement on October 21, 2024?

StoneX (SNEX) is notifying stockholders about UK disclosure requirements following its unsolicited non-binding proposal to acquire CAB Payments Holdings plc on October 10, 2024.

What are the key disclosure requirements for StoneX (SNEX) stockholders?

Stockholders with 1% or more interest in relevant securities must make Opening Position Disclosures and Dealing Disclosures under Rule 8 of the UK City Code on Takeovers and Mergers.

When did the offer period for CAB Payments Holdings begin in relation to StoneX's (SNEX) proposal?

The offer period for CAB Payments Holdings began on October 10, 2024, when StoneX (SNEX) made its unsolicited non-binding proposal.

Who is acting as the financial adviser for StoneX (SNEX) in this potential acquisition?

Perella Weinberg UK is acting as the exclusive financial adviser for StoneX (SNEX) in connection with the potential acquisition of CAB Payments Holdings plc.

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