ThinkSmart Limited Business Update (1725G)
25 May 2017 - 4:01PM
UK Regulatory
TIDMTSL
RNS Number : 1725G
ThinkSmart Limited
25 May 2017
25 May 2017
ThinkSmart Limited
("ThinkSmart" or the "Company"")
Business Update
ThinkSmart Limited (AIM: TSL), a leading provider in the UK of
retail point-of-sale lease finance for high-volume small-ticket
electronic and commercial equipment, makes the following business
update.
Further to the update given at the time of the FY17 interim
results on growth initiatives underway with our partners,
ThinkSmart and its longstanding commercial partner, Dixons
Carphone, have developed a new innovative mobile phone consumer
proposition, designed to appeal to premium smartphone customers who
do not wish to wait until their contract ends to upgrade to the
latest smartphone model.
The new proposition leverages ThinkSmart's proprietary
technology platform 'SmartCheck' and provides consumers with
additional choice and payment flexibility by enabling them to
acquire the latest smartphone either with or without SIM via a
convenient financing agreement. The new proposition is typically
aligned to the annual introduction cycle of the latest models by
the leading premium smartphone brands and allows customers to
upgrade after 12 months at a time of their choosing.
The proposition is in the process of being prepared for a
national launch, envisaged for the second half of the year.
Ned Montarello, Executive Chairman, commented:
"Together with our partner, Dixons Carphone, we believe this new
proposition will greatly appeal to the market for premium
smartphones in the UK. It's a proposition that we are extremely
proud of and one that is further testament to ThinkSmart's ability
to leverage its technological platform to deliver innovative
finance solutions for consumers whilst taking advantage of a
significant shift in consumer behaviour in many markets towards
usage rather than ownership."
Commenting, Jeremy Fennell, Managing Director, Carphone
Warehouse said:
"Having enjoyed a successful commercial relationship with
ThinkSmart for over 14 years, we are delighted to be ThinkSmart's
exclusive partner. This proposition will offer our customers
greater choice, allowing them to upgrade more frequently and
provide a low monthly cost alternative."
For further information please contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
Canaccord Genuity (Nominated
Adviser, Financial Adviser
and Joint Broker) +44 (0)20 7523 8350
Sunil Duggal
David Tyrrell
Andrew Buchanan
Richard Andrews
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Charles Batten
Guy Wiehahn
Rishi Shah
Instinctif Partners +44 (0)20 7457 2020
Giles Stewart
Karranjit Sahota
Lewis Hill
Cannings Corporate Communications
(for Australian enquiries) +61 (0)2 8284 9993
Michael Mullane
About ThinkSmart Limited
ThinkSmart Limited is a leading provider in the UK of retail
point-of-sale lease finance for high-volume small-ticket electronic
and commercial equipment. The Group provides both B2B and B2C
point-of-sale lease finance, primarily through its longstanding
relationship with Dixons Retail and its new relationship with
Carphone Warehouse. The Group's product offering is underpinned by
a proprietary, innovative and scalable technology platform,
SmartCheck. Since it commenced operations in the UK in 2003, the
Group has processed in excess of 350,000 individual
applications.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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