TYR.ASX: Tyro Responds to Media Speculation

Tyro Responds to Media Speculation

Stock	Tyro Payments Ltd (TYR.ASX)
Release Time	17 Mar 2025, 8:52 a.m.
Price Sensitive	Yes

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Tyro Responds to Media Speculation on Potential Smartpay Acquisition

Key Points

Tyro has issued a non-binding indicative offer to acquire 100% of Smartpay's shares at NZ$1.00 per share
The consideration would comprise mostly Tyro shares and a cash component
Tyro is in preliminary discussions with Smartpay regarding the proposal

Full Summary

Tyro Payments Limited (ASX:TYR) has responded to media speculation over the weekend regarding a potential transaction between Tyro and Smartpay Holdings Limited (NZX:SPY / ASX:SMP). Tyro confirms that it has issued a non-binding indicative offer to the Board of Smartpay, which included an offer to acquire 100% of Smartpay's issued share capital at a price of NZ$1.00 per share. The consideration would comprise mostly Tyro shares as well as a cash component, with the proportion to be determined. Tyro is in preliminary discussions with Smartpay regarding the proposal. However, there is no certainty that any transaction will result, or if so on what terms. Tyro will keep the market updated in accordance with its continuous disclosure obligations.