Pushpay advises further extension of Scheme timing

Pushpay advises further extension of Scheme timing

Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 14 March 2023 (NZT)

Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, ‘Pushpay’ or ‘the Company’) advises that it has agreed to a further amendment to the Scheme Implementation Agreement (‘SIA’) to extend the date by which either the Company or Pegasus Bidco Limited (the ‘Bidder’) can terminate the SIA, if the parties do not agree to hold another Scheme Meeting (‘termination time’).

The new date and time is 7:00 pm (NZT) on Wednesday, 15 March 2023. This is extended from the previous extended termination time of 5:00 pm (NZT) Monday, 13 March 2023.

The Bidder has requested this extension to allow the Bidder further time to progress the terms of a potential alternative proposal. The Bidder advises that this process is ongoing. If the parties have not reached agreement on holding another Scheme Meeting by 7:00 pm (NZT) on Wednesday, 15 March 2023, then either party can terminate the SIA.

There is no certainty that the Bidder’s engagement with select shareholders and the Company will result in an alternative proposal or transaction.

A copy of the amendment to the SIA is attached.

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) and Molly Matthews (Chief Executive Officer) 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, non-profit 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