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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