Pushpay receives Final Orders for Scheme of Arrangement

Pushpay receives Final Orders for Scheme of Arrangement

Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 8 May 2023 (NZT)

Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, ‘Pushpay’ or ‘the Company’) advises that it has received final orders from the High Court approving the Scheme of Arrangement with Pegasus Bidco Limited. Pushpay has also requested that NZX and ASX suspend trading in its shares and, subject to implementation occurring, delist Pushpay from the closing of trading on the Implementation Date.

Subject to remaining customary implementation conditions being satisfied or waived (to the extent capable of waiver), the Scheme timetable is:

- Wednesday, 10 May 2023 (NZT), close of trading: Last day of trading in Pushpay shares on the NZX and ASX

- 7:00 pm on Friday, 12 May 2023 (NZT): Scheme Record Date for determining entitlements to participate in the Scheme

- Friday, 19 May 2023 (NZT): Implementation Date – the Bidder acquires all of the shares in Pushpay and pays the Scheme consideration for those shares

- Friday, 19 May 2023 (NZT), close of trading: Cessation of quotation of Pushpay shares and delisting of Pushpay from NZX and ASX, subject to NZX and ASX approval respectively

Holders of Pushpay shares at the Scheme Record Date will be entitled to receive the Scheme consideration, which will be paid on the Implementation Date. The Scheme consideration is NZ$1.42 per Pushpay share for all shareholders (other than shareholders associated with the Bidder and for the Specified Shares).[1]

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[1] The Bidder will also acquire the Pushpay shares held or controlled by entities associated with BGH Capital and Sixth Street under the Scheme. However, the Bidder will not pay the Scheme consideration for those shares. The Specified Shares are a specified number of shares in respect of which the Specified Shareholders have agreed to receive NZ$1.34 per share. The Specified Shareholders are a group of 10 sophisticated, professional offshore event-driven funds.

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