12 Jan 2022 08:20
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.