March 17 (Reuters) - SmartPay Holdings Ltd SPY.NZ:
RESPONSE TO PRESS ARTICLE
SMARTPAY CONFIRMS THAT IT HAS RECEIVED TWO SEPARATE CONDITIONAL, NON-BINDING AND INDICATIVE PROPOSALS
TYRO INDICATIVE PROPOSAL IS TO ACQUIRE 100% OF ISSUED ORDINARY SHARES OF SMARTPAY
TYRO INDICATIVE PROPOSAL ARRANGEMENT FOR A PRICE OF NZ$1.00 PER SHARE
INDICATIVE PROPOSAL FROM OTHER PARTY IS TO ACQUIRE 100% OF ISSUED ORDINARY SHARES OF SMARTPAY.
BOTH OF PROPOSALS ARE PRELIMINARY ONLY AND HIGHLY CONDITIONAL
Further company coverage: SPY.NZ
((Reuters.Briefs@thomsonreuters.com;))
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