TIDMTSL

RNS Number : 8791Y

ThinkSmart Limited

28 August 2018

28 August 2018

ThinkSmart Limited

("ThinkSmart" or the "Company")

Sale of Initial Tranche of Consideration Shares in Afterpay

ThinkSmart Limited (AIM: TSL), a leading digital payment solutions provider, announces that on 24 August 2018 the Company sold its initial tranche of 750,000 shares in the capital of Afterpay Touch Group Limited ("Afterpay") at a price of $20 per share, issued to the Company as consideration shares for the disposal of shares in ClearPay Finance Limited ("ClearPay") (the "Disposal").

As set out in the announcement on 23 August 2018, the Company will be issued a second tranche of 250,000 shares in the capital of Afterpay on 23 February 2019, being 6 months from completion of the Disposal.

For further information contact:

 
ThinkSmart Limited                                                     Via Instinctif Partners 
Ned Montarello 
finnCap Ltd (Nominated Adviser and Joint Broker)                        +44 (0)20 7220 0500 
Jonny Franklin-Adams, Emily Watts, Anthony Adams (Corporate Finance) 
Tim Redfern, Richard Chambers (Corporate Broking) 
Canaccord Genuity (Joint Broker)                                        +44 (0)20 7523 8350 
Sunil Duggal 
David Tyrrell 
Margarita Mitropoulou 
Instinctif Partners (UK)                                               +44 (0)20 7457 2020 
Giles Stewart 
Rui Videira 
 Honner (Australia) 
 Michael Mullane                                                         +61 (0)414 590 296

About ThinkSmart Limited

ThinkSmart Limited is a leading digital payments company and provider of point of sale retail finance for both consumers and businesses. ThinkSmart's solutions are underpinned by its innovative and scalable proprietary technology platform, 'SmartCheck'. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications.

ThinkSmart's offering provides easily integrated digital payment solutions for retailers such as the 'Flexible Leasing' proposition distributed in partnership with Carphone Warehouse.

Its technology is proven to deliver new innovative solutions aimed at high volume low value transactions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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August 28, 2018 02:00 ET (06:00 GMT)

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