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LONDON - International Personal Finance plc (IPF) announced Wednesday that it has extended the deadline for BasePoint Capital LLC to make a firm offer for the company until December 17, 2025.
BasePoint has submitted a further revised non-binding proposal to acquire IPF at 235 pence per share in cash. The proposal also allows eligible IPF shareholders to retain any final dividend declared for the financial year ending December 31, 2025, up to a maximum of 9 pence per share. Any such dividend is expected to be declared on February 25, 2026, alongside IPF's full-year results.
The IPF board stated it would be "minded to recommend unanimously" the offer to shareholders if BasePoint announces a firm intention to make an offer on these financial terms, subject to agreement on other terms and conditions.
According to the announcement, BasePoint has completed its due diligence and obtained necessary internal approvals. The sole remaining pre-condition is securing financing for the offer. IPF's board requested the extension after BasePoint asked for more time to finalize its financing arrangements.
The Panel on Takeovers and Mergers has consented to extend the deadline from the previous date. BasePoint must now announce either a firm intention to make an offer or that it does not intend to proceed by 5:00 p.m. London time on December 17, 2025.
IPF noted that there can be no certainty that any firm offer will be made even if the pre-condition is satisfied or waived.
The announcement follows earlier discussions between the companies that began on July 30, 2025, with a previous revised offer announced on September 24, 2025.
This information is based on a press release statement from International Personal Finance plc.
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