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- Release Date: 29/06/12 11:23
- Summary: GENERAL: SPY: SHAREHOLDER APPROVAL FOR CAPITAL RAISING PASSED - ASX LISTI
- Price Sensitive: No
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SPY
29/06/2012 09:23
GENERAL
REL: 0923 HRS Smartpay Holdings Limited
GENERAL: SPY: SHAREHOLDER APPROVAL FOR CAPITAL RAISING PASSED - ASX LISTI
AUCKLAND, 29 June 2012 - SmartPay (NZX: SPY), a leading provider of payments
and transactional solutions in New Zealand and Australia, is pleased to
advise that the resolution proposed at the SmartPay Holdings Limited Special
Meeting of Shareholders held on 28 June 2012 was passed by the shareholders.
Incoming Chairman, Ivan Hammerschlag, commented as follows "This is a
milestone for our Company. Today's approval by our shareholders cements the
re-launch of SmartPay as a leading trans Tasman payments company".
Business Update
Chief Executive, Bradley Gerdis, said "We are already seeing the early signs
of the benefits of the restructure reflecting in the business. The last two
months have seen our highest recorded monthly sales in our New Zealand
business for over a year. We are also seeing broad based engagement from
across the market which is generating a number of new opportunities for us.
It is pleasing to see the momentum building which is a testament to the hard
work put in by our team over the last few months".
"In Australia our growth pipeline continues to build but progress to date has
been restrained by the previous lack of capital and resource. With our
funding now in place we can now start to resource to execute on these
opportunities."
ASX Listing
The Board is pleased to confirm that Company has began the process to list on
the Australian Stock Exchange.
The Board anticipates that the Company's shares will be dual listed on the
ASX and NZX by the end of this calendar year.
ENDS
For further information contact:
Ivan Hammerschlag, Chairman, SmartPay, + 61 417 44 29 29
Bradley Gerdis, Chief Executive, SmartPay, + 64 9 442 2717
About SmartPay Holdings Limited
SmartPay is a leading provider of integrated merchant services utilising the
Internet and broadband connectivity.
SmartPay's product set includes:
1. The provision of EFTPOS terminals and related payments services.
2. Transactional processing services, including for the taxi industry;
Prepayment products; Bill payment solutions and Online Payments.
3. Audio and video, music, messaging and media via its Retail Radio product
set.
For more information visit - www.smartpayltd.com
End CA:00224418 For:SPY Type:GENERAL Time:2012-06-29 09:23:44
