05 Dec Sale of Block Sale Shares
ThinkSmart Limited (“ThinkSmart” or the “Company”) (formerly AIM: TSL) announces that, following implementation of the scheme of arrangement between ThinkSmart and its shareholders on Friday 2 December 2022, the Company has today sold the 468,667 Block Sale Shares on the NYSE for an average of US$64.046 per Block share achieving gross sale proceeds of US$30,016,246.68 (before sale fees).
The Cash Consideration will be paid to shareholders on the terms set out in the Scheme Booklet dated 24 October 2022. ThinkSmart may provide updates, as appropriate, on its website at www.thinksmartworld.com relating to the payment of the Cash Consideration.
The indicative timetable for the key outstanding milestones under the Scheme remains as set out on pages 14 to 16 of the Scheme Booklet and is also set out below.
|Payment of Scheme Consideration||As soon as practicable following the sale of the Block Sale Shares, expected to be approximately 8 Business Days after completion of the sale of the Block Sale Shares|
Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Booklet.