Brief: Smartpay Confirms It Has Received Two Non-Binding And Indicative Proposals

Smartpay Holdings

16/03/2025 19:39

March 17 (Reuters) - SmartPay Holdings Ltd SPY.NZ:

RESPONSE TO PRESS ARTICLE

SMARTPAY CONFIRMS THAT IT HAS RECEIVED TWO SEPARATE CONDITIONAL, NON-BINDING AND INDICATIVE PROPOSALS

TYRO INDICATIVE PROPOSAL IS TO ACQUIRE 100% OF ISSUED ORDINARY SHARES OF SMARTPAY

TYRO INDICATIVE PROPOSAL ARRANGEMENT FOR A PRICE OF NZ$1.00 PER SHARE

INDICATIVE PROPOSAL FROM OTHER PARTY IS TO ACQUIRE 100% OF ISSUED ORDINARY SHARES OF SMARTPAY.

BOTH OF PROPOSALS ARE PRELIMINARY ONLY AND HIGHLY CONDITIONAL

Further company coverage: SPY.NZ

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