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 £2.5 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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