ThinkSmart Limited Capital Return and Notice of General Meeting (5632N)
June 01 2022 - 4:40AM
UK Regulatory
TIDMTSL
RNS Number : 5632N
ThinkSmart Limited
01 June 2022
1 June 2022
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its subsidiaries is the "Group")
Capital Return and Dividend
and Notice of General Meeting
ThinkSmart Limited (AIM: TSL), a specialist digital payments
platform business, confirms that it will hold a General Meeting on
Wednesday 29 June 2022 at 8.30am (BST) as a virtual meeting.
The purpose of the meeting will be to approve some minor
amendments to the Company's Constitution to allow and cater for
virtual meetings, and to approve the return to shareholders of an
amount of approximately A$4.41 million (approximately GBP2.5
million as previously announced on 29 March and 13 May 2022),
consisting of approximately A$3.75 million by way of a capital
reduction effected by paying up to 3.5188 cents per share (or
depositary interest) and an unfranked dividend of approximately
A$0.66 million being 0.6210 cents per share (or depositary
interest), to each registered holder of the shares at the proposed
record date of 5:00pm (BST) on Friday 1 July 2022 with payment
expected to be made on 15 July 2022. At the date of this notice,
the Group has approximately A$9.4 million of cash or cash
equivalents.
Copies of the Notice of General Meeting, Proxy Form and amended
Constitution (showing the proposed amendments in mark-up) will be
made available to shareholders on Friday 3 June 2022 at which point
they will be available for viewing on the Company's website
www.thinksmartworld.com .
Further details of the General Meeting arrangements can be found
in the Notice of General Meeting.
For further information please contact:
ThinkSmart Limited Via Buchanan
Ned Montarello
Canaccord Genuity Ltd (Nominated
Adviser and Broker)
Sunil Duggal
Andrew Potts
Tom Diehl +44 (0)20 7523 8350
Buchanan
Giles Stewart
Chris Lane
Toto Berger +44 20 7466 5000
Notes to Editors
About ThinkSmart Limited
ThinkSmart's roots are as a specialist digital payments platform
business. Following the sale of its remaining 10% shareholding in
Clearpay in January 2022, the Group holds shares in NYSE listed
Block, Inc (NYSE: SQ). The Group also provides an outsourced call
centre customer service and support service to Clearpay and is
managing the wind-down of its leasing business.
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END
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