Openpay extends SPP date till 09 August 2022

Jul 11, 2022

Openpay Group Ltd (ASX: OPY) announced that the closing date of the Share Purchase Plan (SPP) has been extended till 09 August 2022. The Company highlighted that it was necessary to extend the original closing date of the SPP to allow for the issue of the SPP Shares within 5 Business Days of the New Closing Date. Shareholders who have already applied for shares under SPP would not have to re-submit their application form unless they wish to apply for addition shares up to a cap of AU$30,000.

The proceeds from this SPP would help OPY to:

  • Acquire new merchants at scale in ANZ.
  • Acquire new customers at scale and growing customer retention in ANZ.
  • Platform and technology improvements.
  • Contribute to fast growing receivables book in ANZ.
  • Working capital reasons.

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