Pushpay Holdings Limited has been granted initial orders from the High Court in respect of the proposed buyout by Pegasus Bidco Limited, associated with the Sixth Street and BGH Capital consortium.
The Bidder is offering to acquire 100% of the fully paid shares in Pushpay in return for a payment to shareholders of NZ$1.34 per share.
Pushpay's Non-Conflicted Directors unanimously recommend that shareholders vote in favour of the Scheme of Arrangement.
The Scheme is subject to approval by shareholders at the Scheme Meeting, High Court approval, and consent from the Overseas Investment Office.
The Scheme Meeting will be held at 11:00 am (NZT) on Friday, 3 March 2023.
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