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 12:22PM
Price at Release
$1.053
Full Release
download
Summary
The document outlines the scheme of arrangement involving Smartpay Holdings Limited, which has received final court orders for implementation. The arrangement involves transferring all shares to Duxton Farms Ltd (DBF) and providing consideration to shareholders. The scheme requires adherence to certain conditions and compliance with Australian laws, specifically under the Corporations Act. It involves detailed provisions on the administration of shares, the roles of involved entities, and the process for implementing the scheme effectively to ensure regulatory compliance.
Key Points
  • Smartpay Holdings Limited has been involved in a scheme of arrangement.
  • The court has granted final orders for the scheme of arrangement.
  • This scheme involves the transfer of all shares to a new entity, DBF, and providing shareholders with consideration.
  • The implementation of the scheme is subject to specific conditions and approvals.
  • The scheme is structured to comply with Australian regulatory standards, particularly the Corporations Act.
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.