StoneX Group Inc (NASDAQ:SNEX), the financial services group which owns retail FX brands such as FOREX.com and City Index, announced today that it has made an approach to the Board of CAB Payments in relation to a potential acquisition of the entire issued and to be issued share capital of CAB Payments.

StoneX submitted an all cash proposal to the Board of CAB Payments at a price of 95 pence per share, which represents:

• a 32% premium to the undisturbed closing share price of 72 pence as of 30th January 2026 (being the last business day before the Helios Consortium’s possible offer announcement); and
• a 11% premium to the Helios Consortium’s firm offer of 85 pence (1) ($1.15) per share as announced on 2nd March 2026.

StoneX believes that its Proposal would provide a compelling opportunity for CAB Payments’ shareholders to monetise their holdings in CAB Payments for cash at an attractive valuation which is also at a significant premium to its recent and undisturbed share price and the Helios Consortium’s firm offer.

StoneX sees a high degree of complementarity between CAB Payments and StoneX’s Payments business, with the potential combination of both creating a leading, global specialist in Emerging Markets payments. StoneX is therefore confident that it is the best long-term owner and custodian of CAB Payments, with the potential combination unlocking incremental opportunities for key stakeholders.

StoneX looks forward to engaging constructively with the Board of CAB Payments and the Helios Consortium to finalise the terms of a recommended transaction to be put forward to CAB Payments’ shareholders.

The release by StoneX of an announcement of a firm intention to make an offer for CAB Payments under Rule 2.7 of the Code is subject to the satisfaction or waiver of a number of pre-conditions, including:

• Satisfactory completion of StoneX’s customary due diligence;
• the unanimous and unconditional recommendation of our Proposal by the Board of CAB Payments to its shareholders; and
• Receipt of hard irrevocable undertakings from each CAB Payments director, the Helios Consortium and Eurocomm Holding Limited, committing to support StoneX’s Proposal.

StoneX reserves the right to waive, in its absolute discretion, in whole or in part, any such pre-conditions.