ThinkSmart Limited Results of General Meeting (5108Y)
January 14 2022 - 6:37AM
UK Regulatory
TIDMTSL
RNS Number : 5108Y
ThinkSmart Limited
14 January 2022
14 January 2022
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its
subsidiaries is the "Group")
Results of General Meeting
The Directors are pleased to announce that all of the
resolutions put to shareholders at today's General Meeting were
passed by means of a poll.
The Board would like to thank voting shareholders for their
unanimous approval of the resolutions and in particular for the
approval of the sale by ThinkSmart Europe Ltd (ThinkSmart's wholly
owned subsidiary) ("ThinkSmart Europe") of its 10% holding in
Clearpay Finance Ltd ("Clearpay") in exchange for 1,650,000 shares
in ASX listed Afterpay Ltd ("Afterpay") (ASX: APT) ("Disposal").
The Disposal is expected to complete on 17 January 2022 at which
point ThinkSmart Europe will receive 1,650,000 shares in
Afterpay.
As announced on 12 January 2022 by ThinkSmart, the scheme of
arrangement for Block, Inc ("Block") to acquire Afterpay is now
unconditional and as such the 1,650,000 Afterpay shares that will
be received by ThinkSmart Europe as a result of the Disposal will
be exchanged for 618,750 Block shares, which is expected to occur
on 1 February 2022.
The final voting figures are shown below.
Resolution For Against Abstain*
Number % Number %
----------- ------- -------- ------
1: Approval of the
Disposal 48,499,142 99.79% 102,082 0.21% 0
----------- ------- -------- ------ ---------
2: Directors' authority
to dispose of the
Consideration Shares 48,499,142 99.79% 102,082 0.21% 0
----------- ------- -------- ------ ---------
* Votes cast by a person who abstains on an item are not counted
in calculating the required majority on a poll.
For further information please contact:
ThinkSmart Limited Via Buchanan
Ned Montarello
Canaccord Genuity Limited (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
Prior to publication the information communicated in this
announcement was deemed by the Company to constitute inside
information for the purposes of article 7 of the Market Abuse
Regulations (EU) No 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations No 2019/310 ('MAR').
With the publication of this announcement, this information is now
considered to be in the public domain.
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END
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January 14, 2022 06:37 ET (11:37 GMT)
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