ThinkSmart Limited Sale of Initial Tranche of Consideration Shares (8791Y)
28 August 2018 - 4:00PM
UK Regulatory
TIDMTSL
RNS Number : 8791Y
ThinkSmart Limited
28 August 2018
28 August 2018
ThinkSmart Limited
("ThinkSmart" or the "Company")
Sale of Initial Tranche of Consideration Shares in Afterpay
ThinkSmart Limited (AIM: TSL), a leading digital payment
solutions provider, announces that on 24 August 2018 the Company
sold its initial tranche of 750,000 shares in the capital of
Afterpay Touch Group Limited ("Afterpay") at a price of $20 per
share, issued to the Company as consideration shares for the
disposal of shares in ClearPay Finance Limited ("ClearPay") (the
"Disposal").
As set out in the announcement on 23 August 2018, the Company
will be issued a second tranche of 250,000 shares in the capital of
Afterpay on 23 February 2019, being 6 months from completion of the
Disposal.
For further information contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
finnCap Ltd (Nominated Adviser and Joint Broker) +44 (0)20 7220 0500
Jonny Franklin-Adams, Emily Watts, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (Corporate Broking)
Canaccord Genuity (Joint Broker) +44 (0)20 7523 8350
Sunil Duggal
David Tyrrell
Margarita Mitropoulou
Instinctif Partners (UK) +44 (0)20 7457 2020
Giles Stewart
Rui Videira
Honner (Australia)
Michael Mullane +61 (0)414 590 296
About ThinkSmart Limited
ThinkSmart Limited is a leading digital payments company and
provider of point of sale retail finance for both consumers and
businesses. ThinkSmart's solutions are underpinned by its
innovative and scalable proprietary technology platform,
'SmartCheck'. Since it commenced operations in the UK in 2003, the
Group has processed in excess of 350,000 individual
applications.
ThinkSmart's offering provides easily integrated digital payment
solutions for retailers such as the 'Flexible Leasing' proposition
distributed in partnership with Carphone Warehouse.
Its technology is proven to deliver new innovative solutions
aimed at high volume low value transactions.
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END
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