Smartpay scheme of arrangement granted final court orders

The High Court of New Zealand has granted final orders approving the scheme of arrangement for Smartpay Holdings Limited to be acquired by Shift4 Holdings Limited. Under the scheme, Shift4 will acquire all ordinary shares in Smartpay.

Trading in Smartpay shares on both the NZX Main Board and ASX is set to be suspended on October 29, 2025, the trading halt date. The record date for determining entitlements to consideration is 7:00pm (NZDT) on October 31, 2025.

Provided the scheme becomes unconditional, Smartpay shareholders on record will receive consideration of NZ$1.20 per share. The implementation date, when Smartpay shares will be transferred to Shift4 and shareholders paid, is November 4, 2025.

Following the implementation, Smartpay shares will be delisted from the NZX and ASX at the close of trading on November 4, 2025. The scheme remains conditional on factors such as the absence of a "material adverse change," "prescribed occurrences," and relevant governmental restraints.