Pushpay has received a takeover offer from BGH Capital and Sixth Street at $1.34 a share. Photo / NZME
Pushpay has received a takeover offer from BGH Capital and Sixth Street at $1.34 a share. Photo / NZME
Pushpay Holdings has been put in a trading halt while it prepares an announcement related to proxy votes ahead of its special meeting.
Shareholders have been casting proxy votes for or against a scheme of arrangement, which would allow BGH Capital and Sixth Street to take the firm private at$1.34 a share.
A cohort of institutional investors, with a combined stake of about 12 per cent, have already announced they will vote against the scheme.
Market regulator NZ RegCo said Pushpay had been placed in a trading halt “pending the release of an announcement from the issuer relating to proxy votes”.
The company was set to hold a special meeting this Friday to finalise voting for the scheme.
