Ann: FY25 Full Year Results Presentation, page-5

shift4 may or may not be the international suitor. shift 4 have a track record of following through on their takeover offers:

"shift4 has built a track record that suggests they are both committed to and capable of completing their acquisitions. Over the past few years, they've successfully closed deals such as the acquisition of Global Blue and the majority stake in Vectron Systems, along with the completion of their previously announced acquisition of Revel Systems. These examples indicate that once Shift4 moves forward—typically after rigorous due diligence and meeting regulatory requirements—they tend to finalize their transactions. This history signals an operational strength in executing strategic takeovers that align with their business objectives and expansion plans.

That said, every acquisition carries its unique set of challenges, and while past performance is a strong indicator, each new deal requires a fresh evaluation of market conditions and integration hurdles. Given Shift4's demonstrated commitment and robust M&A activity, it seems they normally follow through on their takeover goals. "