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- Release Date: 16/07/12 15:10
- Summary: GENERAL: SPY: SmartPay Announces Share Purchase Plan
- Price Sensitive: No
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SPY
16/07/2012 13:10
GENERAL
REL: 1310 HRS Smartpay Holdings Limited
GENERAL: SPY: SmartPay Announces Share Purchase Plan
SMARTPAY ANNOUNCES SHAREHOLDER SHARE PURCHASE PLAN
Auckland, 16 July 2012 - Smartpay (SPY:NZX), a leading provider of payments
and transactional solutions in New Zealand and Australia, today announced it
will be undertaking a Shareholder Share Purchase Plan (SPP), giving all
eligible shareholders the opportunity to subscribe for shares in the company
at the same price of the recent private placement.
The SPP will enable each eligible New Zealand based shareholder to apply for
up to $15,000 of new SmartPay shares at an issue price of 11.5 cents per
share, the same price at which shares were issued under a recent private
placement. This represents a discount of approximately 5.5% to the average
closing market price of Smartpay's shares on the NZSX between 28 June 2012
and 5 July 2012.
The maximum aggregate funds to be raised under the SPP will be capped at
$3,000,000 and subscriptions will be scaled-back to the extent that the
aggregate subscriptions exceed $3,000,000
Smartpay Managing Director Bradley Gerdis says: "When we completed our recent
capital raising we were conscious to allow all eligible shareholders the
opportunity to invest at the same price as the private placement. We are now
pleased to offer this opportunity to all eligible shareholders which they can
take up without having to incur any brokerage fees or other transaction
costs."
Documents, including an information pack and an SPP application form will be
posted on 27 July 2012 to all New Zealand resident shareholders on the
register at 5pm on 25 July 2012.
Applications under the SPP will close at 5pm on 16 August 2012 and share
allotments will occur on 23 August 2012.
ENDS
For further information contact:
Ivan Hammerschlag, Chairman, SmartPay, + 61 417 44 29 29
Bradley Gerdis, Managing Director, SmartPay, + 64 9 442 2717
About SmartPay Holdings Limited
SmartPay is a leading provider of integrated payment solutions and related
merchant services.
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:00224977 For:SPY Type:GENERAL Time:2012-07-16 13:10:01
