RNS Number: 8439O – FirstCash Holdings, Inc. Announces Final Recommended Cash Offer for Ramsdens Holdings PLC

FOR IMMEDIATE RELEASE
31 July 2026

Disclosure under Rule 2.10(c) of the Takeover Code
Update on Letters of Intent
Acquisition to be Implemented via Scheme of Arrangement

FirstCash Holdings Moves to Acquire Ramsdens Holdings in Strategic Cash Offer

July 31, 2026 – In a significant development within the financial services sector, FirstCash Holdings, Inc. has announced a final recommended cash offer for Ramsdens Holdings PLC through its wholly-owned subsidiary, Chess Bidco Limited. This acquisition, which is set to be implemented via a scheme of arrangement under the Companies Act 2006, marks a pivotal moment for both companies.

On June 23, 2026, the boards of directors from both Chess Bidco and Ramsdens confirmed their agreement on the terms of the acquisition. Following this, a revised offer was announced on July 16, enhancing the value for Ramsdens shareholders. This revised offer is stated to be final, with Chess Bidco reserving the right to adjust the financial terms only under exceptional circumstances, such as competing offers.

The acquisition process will be executed through a Court-sanctioned Scheme of Arrangement, with the official Scheme Document published on July 17, 2026. This document outlines the full terms and conditions of the acquisition, including voting procedures for Ramsdens shareholders.

In a recent update, Chess Bidco reported receiving non-binding letters of intent from key shareholders, including Lion Nominees Limited and Downing LLP, indicating their support for the scheme. Together, these letters represent approximately 13.16% of Ramsdens’ existing issued share capital. However, recent disclosures revealed that both shareholders have sold portions of their holdings, reducing their collective support to about 13.05%.

Despite these changes, the acquisition remains on track, bolstered by irrevocable commitments from Ramsdens’ directors, representing an additional 4.09% of the total issued share capital. In total, commitments now account for approximately 17.14% of Ramsdens’ shares, providing a solid foundation for the proposed acquisition.

Rick L. Wessel, CEO and Vice-Chairman of FirstCash, expressed optimism about the acquisition, stating, “This strategic move aligns with our growth objectives and enhances our market position. We are committed to ensuring a smooth transition for Ramsdens shareholders and stakeholders.”

As the acquisition progresses, shareholders are urged to review the Scheme Document for comprehensive details and to consider the implications of this significant transaction. The acquisition is subject to regulatory approvals and the approval of Ramsdens shareholders at upcoming meetings.

This acquisition not only reflects FirstCash’s ambition to expand its portfolio but also highlights the ongoing consolidation trend in the financial services industry. As the landscape evolves, stakeholders will be closely monitoring the developments surrounding this high-stakes transaction.

For further inquiries, FirstCash and Chess Bidco can be contacted through their investor relations team.

This announcement is intended for informational purposes only and does not constitute an offer or solicitation for any securities.