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  5. Sale of 125,000 Afterpay Shares

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Sale of 125,000 Afterpay Shares

28 Aug 2019 12:00

RNS Number : 4161K
ThinkSmart Limited
28 August 2019
 

28 August 2019

 

ThinkSmart Limited

("ThinkSmart" or the "Company")

 

Sale of 125,000 Afterpay Shares

 

Further to its announcement of 27 June 2019, the Company announces that it has today sold all its remaining holding of 125,000 shares held in Afterpay Touch Group ("APT") for an average of AU$27.73 per share (the "Sale").

 

Following the sale by the Company of 90% of ClearPay Finance Ltd ("ClearPay") to APT in August 2018, the Company maintains its retained holding in ClearPay. A proportion of the 10% retained shareholding (up to 3.5% of the total share capital of ClearPay) will be made available to employees of ClearPay under an employee share ownership plan.

 

 

For further information contact:

ThinkSmart Limited Via finnCap

Ned Montarello

finnCap Ltd (Nominated Adviser and Joint Broker) +44 (0)20 7220 0500

Jonny Franklin-Adams, Anthony Adams (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Canaccord Genuity (Joint Broker) +44 (0)20 7523 8350

Sunil Duggal

David Tyrrell

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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