- Release Date: 23/08/12 15:04
- Summary: GENERAL: SPY: SMARTPAY SHAREHOLDER SHARE PURCHASE PLAN COMPLETED
- Price Sensitive: No
- Download Document 2.04KB
SPY 23/08/2012 13:04 GENERAL REL: 1304 HRS Smartpay Holdings Limited GENERAL: SPY: SMARTPAY SHAREHOLDER SHARE PURCHASE PLAN COMPLETED AUCKLAND, 23 August 2012 - SmartPay (NZX: SPY), a leading provider of payments and transactional solutions in New Zealand and Australia, is pleased to advise that it has completed its Shareholder Share Purchase Plan (SPP) raising $925,000 from 109 shareholders. Managing Director, Bradley Gerdis, said "This is a welcome show of support from our existing shareholder base and a pleasing conclusion to our capital raising". "This final component brings the total equity raised in this capital raising to $17.3m which puts us ahead of our original target and takes us forward with a well capitalised balance sheet to facilitate our growth plans." Business Update With our capital raising process now complete, we are firmly focused on growing the business. We have begun the process of resourcing our Australian business to service the growth opportunities in that market and are currently working on a number of organic and strategic initiatives across both Australia and New Zealand consistent with our growth objectives. ASX Listing The Board is pleased to confirm that the process to list on the Australian Stock Exchange is underway and is on track for completion by the end of this calendar year. 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 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:00226359 For:SPY Type:GENERAL Time:2012-08-23 13:04:04
- Forums
- NZX - By Stock
- Ann: GENERAL: SPY: SMARTPAY SHAREHOLDER SHARE PUR
SPY
smartpay holdings limited
Add to My Watchlist
0.44%
!
$1.13

Ann: GENERAL: SPY: SMARTPAY SHAREHOLDER SHARE PUR
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online