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Pin to quick picksPaypoint Regulatory News (PAY)

Share Price Information for Paypoint (PAY)

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Rule 19.6(c) confirmation

7 Mar 2024 09:00

Rule 19.6(c) confirmation

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

FOR IMMEDIATE RELEASE

07 March 2024

PayPoint Plc

Rule 19.6(c) confirmation of compliance with post-offer intention statements with regard to PayPoint Plc’s recommended acquisition of Appreciate Group plc

PayPoint Plc (the "Company") announces that, further to the completion of its recommended acquisition of the entire issued and to be issued share capital of Appreciate Group plc, which was implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 28 February 2023, it has duly confirmed in writing to the Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that the Company has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 7 November 2022 and the scheme document published on 2 December 2022, save as set out below.

PayPoint stated in its Q3 trading update, published on 24 January 2024, that as part of its planning for the 24/25 financial year it would be commencing a thorough review to ensure the Group has the appropriate organisational structure and cost base to support the delivery of its growth plans. Having completed this review, PayPoint commenced consultation on 6 March 2024 regarding proposals to simplify the organisation structure. PayPoint anticipates that the consultation will conclude by the end of April.

These proposals, if implemented, would result in a number of redundancies across the PayPoint Group, including roles in the former Appreciate Group. Further details will be provided in PayPoint’s preliminary results for the financial year ending 31 March 2024, due to be announced in mid-June.

FOR FURTHER INFORMATION, PLEASE CONTACT:

PayPoint Plc

Nick Wiles, Chief Executive Via FGS GlobalSteve O’Neill, Corporate Affairs and Marketing Director

Jefferies International

Philip Yates 020 7029 8000William Brown

FGS Global (Public Relations Adviser)

Rollo Head 0207 251 3801James Thompson

LEI Number: 5493004YKWI8U0GDD138

Date   Source Headline
23rd Jun 202110:06 amGNWAnnual Financial Report
17th Jun 20213:55 pmGNWHolding(s) in Company
9th Jun 202110:38 amGNWAdditional Listing
7th Jun 202111:26 amGNWDirector/PDMR Shareholding
1st Jun 202110:32 amGNWTotal voting rights
27th May 20214:07 pmGNWHolding(s) in Company
27th May 20219:17 amGNWDividend Declaration
27th May 20217:00 amGNWPayPoint Plc: Preliminary Results Year ended 31 March 2021
24th May 20214:22 pmGNWDirector/PDMR Shareholding
17th May 20214:24 pmGNWHolding(s) in Company
30th Apr 20213:35 pmGNWTotal voting rights
27th Apr 20212:01 pmGNWBlock listing Interim Review
23rd Apr 20211:13 pmGNWHolding(s) in Company
23rd Apr 20219:24 amGNWDirector/PDMR Shareholding
21st Apr 20213:55 pmGNWHolding(s) in Company
12th Apr 20212:17 pmGNWDisposal
8th Apr 20214:24 pmGNWDisposal
7th Apr 20213:55 pmGNWHolding(s) in Company
1st Apr 202111:49 amGNWTotal voting rights
22nd Mar 20211:30 pmGNWHolding(s) in Company
15th Mar 20213:55 pmGNWHolding(s) in Company
10th Mar 20212:14 pmGNWDirector/PDMR Shareholding
8th Mar 20213:50 pmGNWHolding(s) in Company
3rd Mar 20214:00 pmGNWHolding(s) in Company
1st Mar 20214:02 pmGNWTotal voting rights
22nd Feb 202111:57 amGNWDirector/PDMR Shareholding
10th Feb 202112:00 pmGNWAcquisition
4th Feb 20213:05 pmGNWDirector/PDMR Shareholding
4th Feb 20217:00 amGNWAcquisition
1st Feb 20211:16 pmGNWTotal voting rights
22nd Jan 20213:48 pmGNWDirector/PDMR Shareholding
21st Jan 20217:00 amGNWPayPoint plc: Trading update for the three months ended 31 December 2020
15th Jan 20213:55 pmGNWHolding(s) in Company
4th Jan 202110:04 amGNWTotal voting rights
30th Dec 20202:22 pmGNWDirector/PDMR Shareholding
22nd Dec 20201:15 pmGNWDirector/PDMR Shareholding
16th Dec 20202:58 pmGNWHolding(s) in Company
15th Dec 20209:15 amGNWHolding(s) in Company
2nd Dec 20203:32 pmGNWHolding(s) in Company
1st Dec 202012:46 pmGNWTotal voting rights
27th Nov 20203:50 pmGNWHolding(s) in Company
26th Nov 20207:00 amGNWPayPoint plc: Results for the half year ended 30 September 2020
23rd Nov 20203:21 pmGNWDirector/PDMR Shareholding
20th Nov 20207:00 amGNWDirectorate change
19th Nov 20203:55 pmGNWHolding(s) in Company
10th Nov 20204:00 pmGNWHolding(s) in Company
6th Nov 20203:34 pmGNWHolding(s) in Company
6th Nov 20207:03 amGNWDirector Declaration
5th Nov 20207:00 amGNWAcquisition
2nd Nov 202012:08 pmGNWTotal voting rights

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