11th Nov 2020 15:49
ThinkSmart Ltd - digital payments platform - Says 10% stake in buy now pay later provider Afterpay Ltd's UK operations is "valuable asset to shareholders". Afterpay is Australian listed firm which ThinkSmart sold 90% of Clearpay payments platform to in 2018. "Our decision in 2018 to sell 90% of our Clearpay business to Australian listed Afterpay, a highly capitalised, well-funded global financial technology business, has delivered - and I'm confident will continue to deliver - material value for shareholders," Chair Ned Montarello says.
Current stock price: 63.50 pence, up 9.5% on Wednesday
Year-to-date change: up sharply from 23.00p
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
TSL.L