Announcement
GENERAL: SPY: Update re NZ Commerce Commission Clearance Application
03:11pm
SPY
27/03/2020 15:11
GENERAL
PRICE SENSITIVE
REL: 1511 HRS Smartpay Holdings Limited
GENERAL: SPY: Update re NZ Commerce Commission Clearance Application
Smartpay advises that it received notification today from the New Zealand
Commerce Commission that the Commission needs more time to assess the
proposed transaction and therefore intends to release a statement of issues
in relation to Verifone Inc's application for clearance to acquire Smartpay
Holding Ltd's New Zealand business and assets. The Commission is therefore
seeking an extension to the decision date, which was originally scheduled for
30 March 2020.
Discussions with the Commission in relation to extension timeframe are
currently occurring and Smartpay will update the market once this revised
date has been agreed.
Approved for release by the Board of Smartpay Holdings Limited
27 March 2020
For further information contact: Bradley Gerdis, Managing Director, +61 (2)
7903 6333 / 64 (9) 442 2717
End CA:00350827 For:SPY Type:GENERAL Time:2020-03-27 15:11:06
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