28 Aug 2018 07:00
28 August 2018
ThinkSmart Limited
("ThinkSmart" or the "Company")
Sale of Initial Tranche of Consideration Shares in Afterpay
ThinkSmart Limited (AIM: TSL), a leading digital payment solutions provider, announces that on 24 August 2018 the Company sold its initial tranche of 750,000 shares in the capital of Afterpay Touch Group Limited ("Afterpay") at a price of $20 per share, issued to the Company as consideration shares for the disposal of shares in ClearPay Finance Limited ("ClearPay") (the "Disposal").
As set out in the announcement on 23 August 2018, the Company will be issued a second tranche of 250,000 shares in the capital of Afterpay on 23 February 2019, being 6 months from completion of the Disposal.
For further information contact:
ThinkSmart Limited | Via Instinctif Partners | |
Ned Montarello |
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finnCap Ltd (Nominated Adviser and Joint Broker) | +44 (0)20 7220 0500 | |
Jonny Franklin-Adams, Emily Watts, Anthony Adams (Corporate Finance) |
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Tim Redfern, Richard Chambers (Corporate Broking) |
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Canaccord Genuity (Joint Broker) | +44 (0)20 7523 8350 | |
Sunil Duggal |
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David Tyrrell |
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Margarita Mitropoulou |
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Instinctif Partners (UK) | +44 (0)20 7457 2020 | |
Giles Stewart |
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Rui Videira Honner (Australia) Michael Mullane |
+61 (0)414 590 296 | |
About ThinkSmart Limited
ThinkSmart Limited is a leading digital payments company and provider of point of sale retail finance for both consumers and businesses. ThinkSmart's solutions are underpinned by its innovative and scalable proprietary technology platform, 'SmartCheck'. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications.
ThinkSmart's offering provides easily integrated digital payment solutions for retailers such as the 'Flexible Leasing' proposition distributed in partnership with Carphone Warehouse.
Its technology is proven to deliver new innovative solutions aimed at high volume low value transactions.