Smartpay shareholders approve scheme of arrangement with Shift4

Smartpay Holdings Limited announced that its shareholders approved the scheme of arrangement with Shift4 Holdings Limited and Shift4 Payments, LLC at a meeting held on October 14, 2025. The resolution, unanimously recommended by Smartpay's directors, saw 190,063,796 shares voted in favor, 9,567,508 shares against, and 62,496 shares abstaining, out of a total of 199,631,304 shares voted. This represents 95.21% of votes cast in favor of the Scheme Resolution and 78.56% of total shares voted in favor of the Scheme Resolution.

The scheme required at least 75% of votes in each interest class and more than 50% of total shares on issue to be voted in favor. With these majorities secured, the next steps involve applying to the High Court for final orders.

Pending High Court approval and satisfaction of outstanding conditions, the last day of trading in Smartpay shares is expected to be October 29, 2025. The record date for participation in the Scheme is set for 7:00 PM on October 31, with the implementation of the Scheme anticipated to occur on November 4, 2025.