Pushpay enters into scheme implementation agreement...

Pushpay Holdings Limited has entered into a Scheme Implementation Agreement under which a Sixth Street and BGH Capital Consortium will acquire all of Pushpay's shares at a price of NZ$1.34 per share in cash by means of a scheme of arrangement.

The proposed consideration of NZ$1.34 per share in cash represents a 30.1% premium to Pushpay’s undisturbed share price of NZ$1.03 per share on 22 April this year, and the Pushpay Board unanimously recommends that shareholders vote in favour of the Scheme.

Pushpay shareholders will have the opportunity to vote on the Scheme at a meeting in Q1 2023.

If all conditions are satisfied, the Scheme is expected to be implemented by early Q2 2023.