Pushpay update on expressions of interest process

Pushpay update on expressions of interest process

Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 24 May 2022 (NZT)

On 26 April 2022, Pushpay Holdings Limited (NZX: PPH, ASX: PPH) advised that it had received unsolicited, non-binding and conditional expressions of interest or approaches from third parties looking to acquire the Company. The Board appointed Goldman Sachs to assist as financial advisor.

Since the April announcement, Pushpay has received additional interest from multiple parties.

Today interests associated with two existing shareholders (BGH Capital and Sixth Street) have advised that they have entered into a co-operation agreement with respect to a potential transaction involving Pushpay. Pushpay notes that the agreement is not a definitive transaction agreement and can be terminated immediately by either party on notice to the other. The terms of the agreement are attached to the substantial product holder notices released by the parties.

Pushpay has not entered an agreement with any party, including either or both of BGH Capital and Sixth Street, to implement a transaction.

Pushpay is continuing with a process that is already underway and is in an early stage with multiple parties, to explore the potential for a transaction which is in the best interests of shareholders as a whole.

There is no certainty that this process will result in any transaction.

Contact

Gabrielle Wilson | Investor Relations | Pushpay Holdings Limited
P: +64 21 724 244 | E: [email protected]
www.pushpay.com

This announcement is authorised by Graham Shaw (Independent Chairman) of Pushpay Holdings Limited.

About Pushpay

Pushpay provides a donor management system, including donor tools, finance tools and a custom community app, a church management system (ChMS), and video streaming solutions to the faith sector, non-profit organisations and education providers located predominantly in the United States (US) and other jurisdictions. Our leading solutions simplify engagement, payments and administration, enabling our Customers to increase participation and build stronger relationships with their communities.

Church Community Builder and Resi Media LLC (Resi) are subsidiaries of Pushpay Holdings Limited. Church Community Builder provides a Software as a Service (SaaS) church management system that churches use to connect and communicate with their community members, record member service history, track online giving and perform a range of administrative functions. Resi is a high growth SaaS company that provides end-to-end live video streaming solutions enabled by hardware products predominantly to the faith sector, whilst also servicing commercial, nonprofit organisations and education providers in the US.

Pushpay is an award-winning company. For more information visit www.pushpay.com/investors/awards.

ENDS

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Announcement PDF