SPY
01/04/2016 17:15
GENERAL
NOT PRICE SENSITIVE
REL: 1715 HRS Smartpay Holdings Limited
GENERAL: SPY: Smartpay adopts ASX Foreign Exempt Listing
Smartpay, a leading provider of payments and transactional solutions in New
Zealand and Australia confirms it has changed listing categories on the ASX
from a standard listing to an ASX Foreign Exempt Listing, effective from the
commencement of trading on, Tuesday 5 April 2016.
This follows amendments to the ASX Listing Rules announced in 2015 that
permits an entity with its primary listing on the NZX Main Board to reduce
its compliance requirements as a dual listed entity.
For the purposes of the Foreign Exempt Listing Application Smartpay was
required to demonstrate compliance with Listing Rule 1.3.3 b and in this
context we have confirmed that our budgeted revenue for the year ended 31
March 2017 is in the range $23m - $24m.
The ASX Foreign Exempt Listing category is based in a principle of
substituted compliance, recognising that for secondary listings, the primary
regulatory role and oversight rest with the home exchange, the NZX Main
Board.
Smartpay Shares will continue to be listed on the NZX and the ASX.
ENDS
For further information contact:
Rowena Bowman, Company Secretary, Smartpay, + 64 9 442 7769
End CA:00280232 For:SPY Type:GENERAL Time:2016-04-01 17:15:15
