Smartpay scheme of arrangement gets final court approval for Shift4 acquisition

The High Court has granted final orders approving Smartpay Holdings Limited's scheme of arrangement, under which Shift4 Holdings Limited will acquire all of Smartpay's ordinary shares. This paves the way for Smartpay's shares to be suspended from trading on both the NZX Main Board and ASX from October 29, 2025, with delisting expected from close of trading on the Implementation Date, November 4, 2025.

Shareholders on the Scheme record date of 7:00pm (NZDT) on October 31, 2025, will receive NZ$1.20 in cash for each Smartpay share held. The implementation of the scheme is subject to certain remaining conditions, including the absence of a "material adverse change" or "prescribed occurrences."