Smartpay Holdings Ltd Granted Final Court Orders
Key points
- Scheme of arrangement approved by the Court
- Shareholders to receive $2.50 per share
- Transaction expected to complete in November 2025
Full summary
Smartpay Holdings Ltd (ASX: SMP) has announced that it has been granted final court orders for its scheme of arrangement. The scheme was previously approved by shareholders and has now received the necessary court approval to proceed. Under the terms of the scheme, Smartpay shareholders will receive $2.50 per share. The transaction is expected to complete in November 2025, subject to the satisfaction of remaining conditions precedent. This marks a significant milestone for the company as it moves forward with the proposed transaction.
Summary generated by a large language model. Please interpret with care.