H & T GROUP PLC - Acquistion

Dear client

Chess Bidco Limited ("Bidco") and H&T Group plc ("H&T") are pleased to announce that they have reached agreement on the terms of a recommended final* cash acquisition, pursuant to which Bidco, a newly formed indirect wholly owned subsidiary of First Cash Holdings, Inc. ("First Cash"), will acquire the entire issued and to be issued share capital of H&T.

H&T Shareholder will be entitled to receive:

for each H&T Share held: 661 pence in cash (the "Offer Value")

comprising:

·       650 pence in cash from Bidco (the "Cash Consideration"); and

·       The final dividend of 11 pence per H&T Share due to be paid on 27 June 2025, subject to approval by H&T Shareholders on 15 May 2025 (the "Permitted Dividend").

·          The Offer Value represents a premium of approximately:

·          44% to the closing price of 458 pence per H&T Share as at the close of business on the Latest Practicable Date.

·          71% to the volume-weighted average closing price of 385 pence per H&T Share for the 3-month period ended at the close of business on the Latest Practicable Date; and

·          78% to the volume-weighted average closing price of 372 pence per H&T Share for the 6-month period ended at the close of business on the Latest Practicable Date.

It is intended that an application will be made to the London Stock Exchange for the cancellation of trading of the H&T Shares on AIM, with effect on the Business Day following the Effective Date.

Please see attached the notification received for further information. 

There are no current shareholders on platform. 

Should you have any questions then please click the “Contact Customer Services” button below or contact our helpline on 0845 783 5500, Monday to Friday 9am – 5pm

Kind regards