ThinkSmart Limited Business update (3260L)
May 13 2022 - 2:00AM
UK Regulatory
TIDMTSL
RNS Number : 3260L
ThinkSmart Limited
13 May 2022
13 May 2022
ThinkSmart Limited
("ThinkSmart" or the "Company" which together with its subsidiaries is the "Group")
Business update
Capital return and dividend update:
On 29 March 2022, ThinkSmart Limited (AIM: TSL), a specialist
digital payments platform business, announced an intention to
return approximately GBP2.5 million to shareholders and is today
pleased to confirm that a General Meeting to approve this return
will be held on Wednesday, 29 June 2022.
Further details regarding attendance and voting procedures for
the General Meeting will be provided in a Notice of General Meeting
by the end of May.
Business update:
The Board is also pleased to note that Block, Inc (NYSE: SQ)
("Block") will be hosting a virtual Investor Day on 18 May 2022.
The Board retains a positive outlook of the value of its Block
holding of 618,750 shares, despite current market volatility. The
Company expects to be in a position to provide a more detailed
strategic update regarding its Block holding ahead of its year end
results announcement.
ThinkSmart continues to provide an outsourced call centre
customer support service to Clearpay and is responsibly managing
the wind down of its legacy leasing business which continues to
yield positive cashflows.
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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