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Smartpay Holdings lists on the ASX

Smartpay Holdings lists on the ASX

Smartpay Holdings (NZE: SPY ASX: SMP) has been admitted to the official list on the ASX today to improve its visibility and marketing opportunities in Australia.

The company designs, develops and implements innovative payment solutions for customers in Australia and New Zealand. It offers a variety of advanced payment and data management solutions for retail, business payment and transactional processing requirements.

A core component of its business is the rental of EFTPOS terminals to merchant customers with more than 30,000 terminals under contract in New Zealand and about 10,000 terminals in Australia.

Smartpay had revenue of NZ$21.99 million (A$19.05 million) for the financial year ended 30 June 2013 and earnings of NZ$7.9 million.

It has a market capitalisation of NZ$54.5 million and following its listing on the ASX has 171,752,278 shares on issue. No funds were raised as part of its listing on the ASX.

Official quotation of the Company’s securities is expected to commence on Wednesday, 4 September 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full SMP profile View Profile

Smartpay Holdings Ltd Timeline

Newswire
September 03 2013

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