SMP.ASX: Initial Orders for Scheme of Arrangement

Initial Orders for Scheme of Arrangement

Stock	Smartpay Holdings Ltd (SMP.ASX)
Release Time	17 Sep 2025, 1:32 p.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Smartpay Granted Initial Orders for Scheme of Arrangement

Key Points

Smartpay granted initial orders from High Court for Scheme of Arrangement
Scheme Booklet expected to be released tomorrow
Scheme Meeting and remaining key steps to be announced

Full Summary

Smartpay Holdings Limited (Smartpay) has announced that it has been granted initial orders from the High Court in respect of the Scheme of Arrangement with Shift4 Holdings Limited and Shift4 Payments, LLC (the Scheme). The granting of the initial orders by the High Court is not the final approval of the Scheme, which will require shareholder approval at the Scheme Meeting. Smartpay will seek the High Court's final approval of the Scheme if shareholders approve it at the Scheme Meeting. The Scheme Booklet, which will include the recommendation by Smartpay's directors, the notice of meeting, and the Independent Adviser's Report, is expected to be released to the NZX and ASX market announcement platforms tomorrow. That announcement will also have details of the Scheme meeting and indicative dates for the key remaining steps in the Scheme process.