ThinkSmart Limited Shareholder Return and Business Update (9900H)
December 09 2020 - 2:00AM
UK Regulatory
TIDMTSL
RNS Number : 9900H
ThinkSmart Limited
09 December 2020
9 December 2020
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its
subsidiaries is the "Group")
Shareholder Return and Business Update
ThinkSmart Limited (AIM: TSL), a specialist digital payments
platform business, is pleased to confirm that the return of capital
of 4.575 cents per share, approved by shareholders at the 2020 AGM,
together with the special dividend of 1.525 cents per share, have
today been paid to shareholders.
In the past 12 months ThinkSmart has returned a total of 11.7
cents per share (equivalent to 6.51 pence per share) by way of
capital return (of 8.175 cents / 4.55 pence) and special dividends
(of 3.525 cents / 1.96 pence) to shareholders. As such, in
accordance with the ThinkSmart Long Term Incentive Plan 2016 (the
LTIP), the ThinkSmart Remuneration and Nomination Committee has
made an adjustment to the 1,757,352 outstanding LTIP Awards granted
in December 2016 to reduce the exercise price of the LTIP by 4.55
pence from 22 pence to 17.45 pence per share, to take into account
those capital returns made to shareholders. Of the 1,757,352 share
option awards granted in December 2016 in accordance with the LTIP,
1,073,863 were granted to Ned Montarello and 470,659 were granted
to Gary Halton.
The Group also notes the trading update issued by Afterpay Ltd
on 2 December 2020 where it reported that its UK division,
Clearpay, delivered c. $200 million of underlying sales in November
2020, in what was a record month for Afterpay. This represented
c10% of Afterpay's global underlying sales for the month, up from
7% in the 3 months to 30 September 2020.
The Directors believe that the continued growth and trading
momentum of Afterpay, and the continued increase in the proportion
of Afterpay's global underlying sales delivered by Clearpay UK, is
beneficial to the value of ThinkSmart's 10%* shareholding in
Clearpay UK.
(*Inclusive of up to 3.5% of the share capital of Clearpay which
is being made available to the Clearpay UK employee share ownership
scheme)
PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
------------------------------------------------------------------------------
a) Name Ned Montarello
--------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position / status Executive Chairman
--------------------------- -------------------------------------------------
b) Initial notification Initial Notification
/
Amendment
--------------------------- -------------------------------------------------
3 Details of issuer
------------------------------------------------------------------------------
a) Name ThinkSmart Limited
--------------------------- -------------------------------------------------
b) LEI 213800ZBZQVXHDZHET73
--------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------
a) Description Options over Ordinary shares
of the financial
instrument,
type of instrument
--------------------------- -------------------------------------------------
Identification AU000XINEAE8
code
--------------------------- -------------------------------------------------
b) Nature of the Adjustment in accordance with the LTIP
transaction Rules to an Award of Options under ThinkSmart
Limited's Long Term Incentive Plan
--------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
--------------------------- ----------------------- ------------------------
17.45p 1,073,863
-------------------------------- ----------------------- ------------------------
d) Aggregated information Aggregated price Aggregated volume
--------------------------- ----------------------- ------------------------
17.45p 1,073,863
-------------------------------- ----------------------- ------------------------
e) Date of the 9 December 2020
transaction
--------------------------- -------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------------- -------------------------------------------------
PDMR DEALING NOTIFICATION
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
------------------------------------------------------------------------------
a) Name Gary Halton
--------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position / status Executive Director
--------------------------- -------------------------------------------------
b) Initial notification Initial Notification
/
Amendment
--------------------------- -------------------------------------------------
3 Details of issuer
------------------------------------------------------------------------------
a) Name ThinkSmart Limited
--------------------------- -------------------------------------------------
b) LEI 213800ZBZQVXHDZHET73
--------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------
a) Description Options over Ordinary shares
of the financial
instrument,
type of instrument
--------------------------- -------------------------------------------------
Identification AU000XINEAE8
code
--------------------------- -------------------------------------------------
b) Nature of the Adjustment in accordance with the LTIP
transaction Rules to an Award of Options under ThinkSmart
Limited's Long Term Incentive Plan
--------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
--------------------------- ----------------------- ------------------------
17.45p 470,659
-------------------------------- ----------------------- ------------------------
d) Aggregated information Aggregated price Aggregated volume
--------------------------- ----------------------- ------------------------
17.45p 470,659
-------------------------------- ----------------------- ------------------------
e) Date of the 9 December 2020
transaction
--------------------------- -------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------------- -------------------------------------------------
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
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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