ThinkSmart Limited Afterpay - Scheme fully unconditional (1985Y)
12 Gennaio 2022 - 9:20AM
UK Regulatory
TIDMTSL
RNS Number : 1985Y
ThinkSmart Limited
12 January 2022
12 January 2022
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its
subsidiaries is the "Group")
Afterpay - Scheme fully unconditional
ThinkSmart Limited (AIM: TSL), a specialist digital payments
platform business, notes the announcement issued by Afterpay
Limited ("Afterpay") today confirming that Afterpay has received
approval from the Bank of Spain in respect of the acquisition by
Lanai (AU) 2 Pty Ltd, a wholly owned indirect subsidiary of Block,
Inc., (NYSE: SQ) ("Block") (formerly known as Square, Inc.) of
Afterpay by way of scheme of arrangement ("Scheme").
Included within today's announcement by Afterpay was
confirmation that now that Bank of Spain approval has been
received, the Scheme is fully unconditional and will be implemented
without the need for further Afterpay shareholder or Court approval
in accordance with the implementation timetable set out in
Afterpay's announcement issued today.
Shareholders are reminded that the sale by ThinkSmart Europe
Limited (Thinksmart's wholly owned subsidiary) of its 10% holding
in Clearpay Finance Limited ("Clearpay") in exchange for 1,650,000
shares in Afterpay remains subject to the approval of ThinkSmart
shareholders at the General Meeting which is to be held virtually
by videoconference at 4.30pm (AWST) and 8.30am (GMT) on Friday 14
January 2022.
For further information please contact:
ThinkSmart Limited Via Buchanan
Ned Montarello
Canaccord Genuity Ltd (Nominated Adviser
and Broker)
Sunil Duggal
Andrew Potts
Tom Diehl +44 (0)20 7523 8350
Buchanan
Giles Stewart
Chris Lane
Toto Berger +44 20 7466 5000
Notes to Editors
About ThinkSmart Limited
ThinkSmart is a specialist digital payments platform business.
It offers investors unique exposure to the UK 'Buy Now Pay Later'
payments sector undergoing exponential growth, driven by ongoing
digital transformation of consumer shopping habits and financial
services.
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END
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