SPY 0.65% $1.56 smartpay holdings limited ordinary shares

Ann: GENERAL: SPY: Australian Financial Review Article

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    • Release Date: 29/06/15 10:08
    • Summary: GENERAL: SPY: Australian Financial Review Article
    • Price Sensitive: No
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    					SPY
    29/06/2015 10:08
    GENERAL
    PRICE SENSITIVE
    REL: 1008 HRS Smartpay Holdings Limited
    
    GENERAL: SPY: Australian Financial Review Article
    
    An article appeared in The Australian Financial Review published on 29 June
    2015 regarding Smartpay's entrance into the Australian taxi payments market.
    Smartpay wishes to provide clarification in regard to the reference to
    litigation in which Smartpay is currently involved with Live Taxi Epay.
    Smartpay advises that it is currently owed a historical amount of
    approximately AUD$600,000 by Live Taxi Epay. Despite previous assurances of
    payment by Live Taxi Epay, no payment has been made and Smartpay is seeking
    to recover payment in proceedings in the Supreme Court of New South Wales. In
    the same proceedings, Live Taxi Epay has advanced a claim which Smartpay
    considers to be without merit. Smartpay is confident of success if the matter
    proceeds to hearing. In any event, Smartpay fully provisioned for the
    receivable from Live Taxi Epay in prior financial years.
    
    ENDS
    
    For further information contact:
    Bradley Gerdis,  Managing Director, Smartpay, +61 (0)410 623 338
    End CA:00266287 For:SPY    Type:GENERAL    Time:2015-06-29 10:08:03
    				
 
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