Company: FCFS
Filing Date: 2025-05-14
Form Type: 8-K
Source: 0000840489-25-000067
Chunk: 0

Company: FirstCash Holdings, Inc.
Filing Date: 2025-05-14
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

On May 14, 2025, Chess Bidco Limited (“ Bidco”), a newly-established indirect wholly-owned subsidiary of FirstCash Holdings, Inc. (the “ Company”), released an announcement (the “ Rule 2.7 Announcement”) pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers (the “ Code”) disclosing that the board of directors of Bidco (the “ Bidco Board”) and the board of directors of H& T Group plc (the “ H& T Board”), a company incorporated in England and Wales (“ H& T”), had reached agreement on the terms of a final* recommended cash offer by Bidco for the entire issued and to be issued share capital of H& T (the “ Acquisition”).

Rule 2.7 Announcement

On May 14, 2025, Bidco released the Rule 2.7 Announcement, disclosing that the Bidco Board and the H& T Board had reached agreement on the terms of the Acquisition. The Acquisition will be implemented by means of a court-sanctioned scheme of arrangement (the “ Scheme”) under Part 26 of the United Kingdom Companies Act 2006, as amended (the “ UK Companies Act”). Under the terms of the Acquisition, H& T shareholders will be entitled to receive 661 pence in cash for each H& T share held, comprising (i) 650 pence in cash from Bidco and (ii) the final dividend of 11 pence per share due to be paid on June 27, 2025, subject to approval by H& T shareholders on May 15, 2025.

The Acquisition will be subject to customary closing conditions and certain further terms, including, among others: (i) the approval of the Scheme by a majority in number of H& T shareholders also representing not less than 75% in value of the H& T shares, in each case present and voting, either in person or by proxy, at the H& T shareholders’ meeting; (ii) the sanction of the Scheme by the High Court of Justice in England and Wales; (iii) the receipt of regulatory approvals, including from the Financial Conduct Authority of the United Kingdom and the United Kingdom’s Competition and Markets Authority; and (iv) the Scheme becoming effective no later than December 31, 2025. The conditions to the Acquisition are set out in full in the Rule 2