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SmartPay Holdings Limited ( (DE:KX2) ) just unveiled an update.
Smartpay Holdings Limited has released a scheme booklet for a special meeting where shareholders will vote on a proposed scheme of arrangement. Under this scheme, Shift4 Holdings Limited will acquire all shares of Smartpay, offering shareholders NZ$1.20 per share, which is within the Independent Adviser’s valuation range. The directors of Smartpay recommend voting in favor of the scheme, citing significant premiums over previous share prices and the opportunity for shareholders to realize cash value. The scheme has the support of a major shareholder and is the outcome of a comprehensive competitive process.
More about SmartPay Holdings Limited
Smartpay Holdings Limited operates in the financial technology industry, providing payment solutions and services. The company focuses on delivering innovative payment processing systems to businesses in New Zealand and Australia.
Find detailed analytics on KX2 stock on TipRanks’ Stock Analysis page.