28 Aug 2019 12:00
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