Ann: BUYBACK: PAY: Notification of Acquisition of Securities

• Release Date: 17/03/16 09:30
• Summary: BUYBACK: PAY: Notification of Acquisition of Securities
• Price Sensitive: No
• Download Document  3.5KB

					PAY
17/03/2016 09:30
BUYBACK
NOT PRICE SENSITIVE
REL: 0930 HRS Pushpay Holdings Limited

BUYBACK: PAY: Notification of Acquisition of Securities

Notification of Acquisition of Securities

Auckland, New Zealand | Redmond, Washington, USA - 17 March 2016

Further to the Disclosure Document of 2 March 2016, Pushpay Holdings Limited
(NZSX:PAY) ('Pushpay' or 'the Company') advises of the following acquisition
of securities for the purpose of Listing Rule 7.12.1:

(a) Class of security: Ordinary shares
ISIN: NZPAYE0003S9
(b) Number acquired: 941,636 ordinary shares
(c) Acquisition price: Average consideration of $0.630 per ordinary share,
comprising:
Number of shares | Acquisition price per share ($)
203,992 | $0.147
320,000 | $0.500
48,276 | $0.691
354,696 | $0.987
14,672 | $1.362
(d) Payment in cash: Yes
(e) Amount paid up: Fully paid
(f) Principal terms of securities: Ordinary shares
(g) Percentage of total class of securities: 0.406% (before acquisition) and
0.407% (after acquisition)
(h) Reason for acquisition: As described in the Disclosure Document of 2
March 2016, the Pushpay Board considers that the acquisition of Unallocated
Shares (as defined in that document) from Pushpay Trustees Limited (in its
capacity as the trustee of the Pushpay Share Incentive Scheme) (Trustee) is
in the best interests of Pushpay and the remaining shareholders because:
- the Unallocated Shares were originally issued to the Trustee for the
benefit of persons who are no longer participants in the Company's Share
Incentive Scheme. As those shares are no longer held for the former
participants' benefit, the directors believe that it is appropriate that they
be acquired by the Company;
- the acquisition will have no cash cost to the Company (as the purchase
price will be set off against amounts owing by the Trustee to the Company for
the original issue price of the Unallocated Shares); and
- the acquisition will have the effect of increasing shareholders' economic
interest in the Company on a proportionate basis.
(i) Specific authority for acquisition: Board resolution dated 1 March 2016
(j) Terms of acquisition: The Unallocated Shares will be cancelled
immediately upon acquisition
(k) Total number of securities in existence after acquisition: 231,125,256
ordinary shares
(l) Treasury Stock: Not applicable
(m) Date of acquisition: 17 March 2016

Contact

Sarah Elder | Investor Relations | Pushpay Holdings Limited
P: +64 21 637 449 | E: [email protected]
www.pushpay.com

About Pushpay

Pushpay provides mobile commerce tools that facilitate fast, secure and easy
non point of sale payments between consumers and merchants. Pushpay targets
merchants who are looking to offer convenient, personalised and intuitive
payment solutions to their consumers. Pushpay services three target markets:
the faith sector; non-profit organisations and enterprises (both small medium
enterprises and corporate organisations).

Pushpay was awarded four Stevie Awards in 2016 including Silver in the
Customer Service Department of the Year category. Pushpay is ranked 1st on
the TIN100 ASB Ten Hot Emerging Companies List and Pushpay's co-founders
Chris Heaslip and Eliot Crowther are the EY Entrepreneur Of The Year 2015 New
Zealand Young category winners.

To download the Pushpay App, visit the iTunes App Store or Google Play and
search for "Pushpay".

Visit www.pushpay.com to learn more and see an online demonstration of how
Pushpay enables merchants and consumers to "never miss the moment".

ENDS
End CA:00279407 For:PAY    Type:BUYBACK    Time:2016-03-17 09:30:00