InvestSMART

Smartpay Holdings Limited (ASX:SMP)

ALERT: Price-sensitive ASX Announcement for SMP
Current share price for SMP : $1.045 0.01 (0.97%)+
Announcement
Release
14 Oct 2025 1:34PM
Price at Release
$1.035
Full Release
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Summary
Smartpay Holdings Limited held a scheme meeting to vote on a resolution to approve a scheme of arrangement with Shift4 Holdings Limited and Shift4 Payments, LLC. The resolution was recommended by the directors and required a supermajority of 75% of votes in favor from each interest class, as well as over 50% of total shares issued. The resolution passed with significant majorities, fulfilling both requirements. Subsequent steps include seeking High Court approval, and if successful, the last trading day for Smartpay shares is anticipated on 29 October 2025, with the scheme to be implemented on 4 November 2025.
Key Points
  • Smartpay Holdings Limited held a scheme meeting to approve a scheme of arrangement with Shift4 Holdings Limited and Shift4 Payments, LLC.
  • The resolution for the scheme was unanimously recommended by the directors of Smartpay Holdings Limited.
  • Voting was conducted by a poll as required by NZX Listing Rule 6.1.
  • The scheme required at least 75% of votes in each interest class in favor and more than 50% of the total Smartpay shares on issue to be voted in favor.
  • The scheme resolution was passed with 95.21% of votes cast in favor and 78.56% of total shares voted in favor.
  • Final steps include applying to the High Court for final orders, and if granted, the last trading day for Smartpay shares is expected to be 29 October 2025.
  • The record date for participation in the scheme is expected to be 31 October, with implementation on 4 November 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.