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Pin to quick picksPaypoint Regulatory News (PAY)

Share Price Information for Paypoint (PAY)

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Share Price: 544.00
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Change: 4.00 (0.74%)
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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
9th Feb 20233:30 pmRNSForm 8.3 - APP LN
9th Feb 20231:49 pmRNSForm 8.3 - Paypoint Plc
9th Feb 202312:41 pmRNSForm 8.3 - PAYPOINT PLC
9th Feb 202311:08 amRNSForm 8.5 (EPT/NON-RI) Paypoint Plc
9th Feb 20239:56 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - PAYPOINT PLC - Ordinary Shares
9th Feb 20239:56 amRNSForm 8.3 - Appreciate Group plc / Paypoint plc
9th Feb 20238:30 amRNSForm 8 (DD) - [PayPoint PLC]
8th Feb 20233:30 pmRNSForm 8.3 - APP LN
8th Feb 20233:30 pmRNSForm 8.3 - PAYP LN
8th Feb 20232:37 pmRNSForm 8.3 - PAYPOINT PLC
8th Feb 202311:32 amRNSForm 8.3 - PAYPOINT PLC
8th Feb 20239:04 amRNSForm 8 (DD) - PayPoint PLC
8th Feb 20238:47 amRNSForm 8.5 (EPT/NON-RI) Paypoint Plc
7th Feb 20233:30 pmRNSForm 8.3 - PAYP LN
7th Feb 20233:30 pmRNSForm 8.3 - APP LN
7th Feb 20232:29 pmRNSForm 8.3 - PayPoint plc
7th Feb 202310:20 amRNSForm 8 (DD) - [PayPoint PLC]
7th Feb 20239:24 amRNSForm 8.5 (EPT/NON-RI) Paypoint Plc
6th Feb 20233:30 pmRNSForm 8.3 - APP LN
6th Feb 20233:30 pmRNSForm 8.3 - PAYP LN
6th Feb 20232:55 pmRNSForm 8.3 - Paypoint Plc
6th Feb 20231:06 pmRNSForm 8.3 - PAYPOINT PLC
6th Feb 20239:23 amRNSForm 8 (DD) - PayPoint PLC
6th Feb 20238:52 amRNSForm 8.5 (EPT/NON-RI) Paypoint Plc
3rd Feb 20233:30 pmRNSForm 8.3 - PAY LN
3rd Feb 20233:10 pmRNSForm 8.3 - PayPoint Plc
3rd Feb 20233:07 pmRNSForm 8.3 - PAYPOINT PLC
3rd Feb 202310:07 amRNSForm 8 (DD) - [PayPoint PLC]
3rd Feb 20239:39 amRNSForm 8.5 (EPT/NON-RI) - Paypoint Plc
2nd Feb 20233:30 pmRNSForm 8.3 - PAY LN
2nd Feb 20238:43 amRNSForm 8 (DD) - PayPoint PLC
1st Feb 20233:30 pmRNSForm 8.3 - PAY LN
1st Feb 20233:00 pmRNSForm 8.3 - PayPoint plc
1st Feb 20231:14 pmRNSForm 8 (DD) - [PayPoint PLC]
1st Feb 202310:00 amGNWTotal voting rights
31st Jan 20233:30 pmRNSForm 8.3 - PAY LN
31st Jan 202312:47 pmRNSForm 8 (DD) - [PayPoint PLC]
31st Jan 20237:10 amGNWDirectorate Change
30th Jan 20233:30 pmRNSForm 8.3 - PAY LN
30th Jan 202312:17 pmRNSForm 8.3 - PayPoint plc
30th Jan 20239:22 amRNSForm 8 (DD) - [PayPoint PLC]
27th Jan 202311:22 amRNSForm 8.3 - PayPoint plc
27th Jan 20239:10 amRNSForm 8.5 (EPT/RI)
27th Jan 20239:00 amGNWDirector Declaration
27th Jan 20238:00 amGNWDirector Declaration
26th Jan 202312:48 pmRNSForm 8.3 - PayPoint plc
26th Jan 202312:24 pmRNSForm 8 (DD) - PayPoint PLC
26th Jan 20239:18 amRNSForm 8.5 (EPT/NON-RI) Paypoint Plc
26th Jan 20238:56 amRNSForm 8.5 (EPT/RI)
25th Jan 20234:16 pmRNSForm 8 (DD) - PayPoint PLC

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