ThinkSmart Limited Capital Return and Dividend and Notice of AGM (2107C)
October 15 2020 - 6:00AM
UK Regulatory
TIDMTSL
RNS Number : 2107C
ThinkSmart Limited
15 October 2020
15 October 2020
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its
subsidiaries is the "Group")
Capital Return and Dividend and Notice of AGM
ThinkSmart Limited (AIM: TSL), a specialist digital payments
platform business , announces the intention to return approximately
A$6.5 million to shareholders.
Subject to shareholder approval at the Company's 2020 Annual
General Meeting ("AGM"), the Company intends to return an amount to
shareholders of approximately A$6.5 million, consisting of a return
of share capital of approximately A$4.9 million by way of a capital
reduction to be effected by the Company paying up to 4.575 cents
per share (or depositary interest) and an unfranked dividend of
approximately A$1.6 million being 1.525 cents per share (or
depositary interest), to each registered holder of the shares as at
the proposed record date of 5:00pm (GMT) on Friday, 13 November
2020 with payment expected to be made on 9 December 2020. At the
date of this notice, the Group has approximately A$18 million of
cash or cash equivalents.
Copies of the 2020 Annual Report and Accounts, including the
Notice of AGM and Proxy Form will be made available to shareholders
on Monday 19 October 2020 at which point they will be available for
viewing on the Company's website www.thinksmartworld.com.
The Annual General Meeting of the Company will be held at 8.30am
(GMT) on Wednesday 11 November 2020 at the offices of Canaccord
Genuity, 88 Wood Street, London EC2V 7QR. To protect the health and
wellbeing of our shareholders, shareholders are strongly encouraged
to lodge a directed Proxy Form appointing the Chairman of the
meeting to act as their proxy in advance of the AGM rather than
attending the meeting in person. Further details of the AGM
arrangements can be found in the AGM Notice.
For further information please contact:
ThinkSmart Limited Via Buchanan
Ned Montarello
Canaccord Genuity Ltd (Nominated Adviser
and Broker)
Sunil Duggal
David Tyrrell
Tom Diehl +44 (0)20 7523 8350
Buchanan
Giles Stewart
Toto Berger +44 20 7466 5000
Notes to Editors
About ThinkSmart Limited
ThinkSmart is a specialist digital payments platform business.
It offers investors unique exposure to the UK 'Buy Now Pay Later'
payments sector undergoing exponential growth, driven by ongoing
digital transformation of consumer shopping habits and financial
services.
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END
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