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CAB Payments Holdings PLC on Friday said it continues to believe a possible offer by the Helios consortium fundamentally undervalues the firm and its future prospects. Under the increased possible offer, shareholders in the London-based payment processing and foreign exchange provider would receive $1.15 in cash per share. Should a firm offer be made, the consortium would also make a partial unlisted share alternative available. The offer is to buy the 55% of the company not already owned by Helios Fund II and was first announced on February 2. The cash offer represents a premium of less than 17% based on the closing share price on January 30, the last business day before the possible offer was announced. Since the offer was announced, the independent board of CAB Payments said it has ‘engaged extensively’ with the firm’s other shareholders. ‘Following this engagement the independent board continues to believe that the possible offer fundamentally undervalues CAB Payments and its future prospects, and is not in the best interests of the company’s shareholders,’ the firm said. CAB Payments noted that no firm offer has been made and that there can be no certainty that a firm offer will be made. The board said the possible offer still fails to reflect its January trading update, which announced an expected total income of £119 million for 2025, up 12% on-year. ‘The independent board believes the great strength of the group remains the deep relationships with regulators and central banks in hard-to-reach markets, which positions the company well to play a key part in the future of digital currencies including stable coins,’ it said. CAB Payments is set to announce its full-year results for 2025 on March 5. The consortium must announce a firm intention to make an offer, or that it does not intend to make an offer, by March 2. Shares in CAB Payments were up 2.2% at 77.60 pence on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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