StoneX Group Inc (NASDAQ:SNEX), the owner of retail FX brands FOREX.com and City Index, today announced that it will not make an offer for CAB Payments Holdings plc.

On April 16, 2026, the Independent Board of CAB Payments announced that it would be minded to recommend an increased final possible offer by StoneX at a price of 110p per share.

StoneX said today it is disappointed by the Helios Consortium’s subsequent announcement that it will neither provide an irrevocable undertaking or otherwise support or accept such an offer.

Having reflected on the Helios Consortium’s decision (which prevents StoneX from acquiring 100% control of CAB Payments), StoneX today confirmed that it does not intend to proceed to make an offer for CAB Payments.

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announcement in any one or more of the following circumstances: (i) in the event the Helios Consortium’s firm offer is withdrawn or lapses, with the agreement of the Board of CAB Payments; (ii) a third party (other than the Helios Consortium) announces a firm intention to make an offer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).