Smartpay Holdings Limited (NZSX:SPY, ASX:SMP, “Smartpay” or “the Company”) has entered into a Scheme Implementation Agreement (“SIA”) under which Shift4 Payments, LLC (“Shift4”), or wholly-owned subsidiary, will acquire all of the shares in Smartpay for NZ$1.20 per share in cash, by means of a scheme of arrangement under Part 15 of the Companies Act 1993 (the “Scheme”). Shift4 is an American payment processing business.
Please see attached announcement.
“ANZ NZ will continue to defend its case. Our position hasn’t changed.”
The S&P/NZX 50 Index closed at 13,531.29, up 42.05 points or 0.31%.
It ended a four-year class action centred on disclosure obligations.
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