InvestSMART

Smartpay Holdings Limited (ASX:SMP)

ALERT: Price-sensitive ASX Announcement for SMP
Current share price for SMP : $1.045 -0.008 (-0.71%)+
Announcement
Release
24 Oct 2025 12:24PM
Price at Release
$1.053
Full Release
download
Summary
Smartpay Holdings Limited has received final court approval for a scheme of arrangement where Shift4 Holdings Limited will acquire all ordinary shares. As a result, Smartpay's shares will be suspended from trading starting 29 October 2025 and delisted from NZX and ASX following the implementation date of 4 November 2025. Shareholders will receive NZ$1.20 per share, provided there are no material adverse changes or governmental restraints preventing the scheme's completion.
Key Points
  • Final court orders granted for the scheme of arrangement with Shift4.
  • Shift4 Holdings Limited will acquire all ordinary shares in Smartpay.
  • Trading in Smartpay shares to be suspended from 29 October 2025.
  • Record date for entitlements to consideration is 31 October 2025 at 7:00pm NZDT.
  • Implementation Date is 4 November 2025, when shares transfer to Shift4 and payments made.
  • Smartpay shares will be delisted from NZX and ASX post-implementation.
  • Smartpay shareholders will receive NZ$1.20 per share in cash.
  • The scheme is subject to absence of material adverse changes and no governmental restraints.
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.