12th Jan 2022 14:53
ThinkSmart Ltd - Perth, Australia-based digital payments platform for 'Buy Now Pay Later' sector - Confirms that Afterpay Ltd received the Bank of Spain's approval for its acquisition by Lanai AU 2 Pty Ltd. States that scheme is fully unconditional now and will be implemented without the need for Afterpay shareholder or court approval.
Says that the sale of 10% holding in Clearpay Finance Ltd by ThinkSmart Europe Ltd, its subsidiary, in exchange for 1.7 million shares in Afterpay remains subject to the approval of ThinkSmart shareholders.
Current stock price: 49.50 pence, up 5.3%
12-month change: down 27%
By Abby Amoakuh; [email protected]
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