Smartpay secures initial court orders for Shift4 acquisition

Smartpay Holdings Limited has announced it received initial orders from the High Court of New Zealand on September 17, 2025, concerning a scheme of arrangement with Shift4 Holdings Limited and Shift4 Payments, LLC. These orders initiate the process for shareholders to consider and potentially approve the scheme.

The scheme meeting is scheduled for October 14, 2025, where shareholders will vote on the resolution, requiring approval by 75% of votes in each interest class and a simple majority of total votes.

A scheme booklet, including the board’s recommendation, the notice of meeting, and an Independent Adviser's Report from Calibre Partners, is set to be released to the NZX and ASX market announcement platforms on September 18, 2025. This booklet will provide key dates and details for the remaining steps.

Shareholders on record within a specified window will receive the scheme booklet and be eligible to vote. Proxy votes must be submitted to Computershare Investor Services Limited by no later than 48 hours prior to the scheme meeting. Smartpay will notify the outcome of the shareholder vote via NZX and ASX announcements, and by written notice to entitled parties.