Pushpay Holdings (ASX:PPH) agrees new Scheme offer with increased price

Pushpay Holdings (ASX:PPH) has agreed to amendments to the Scheme Implementation Agreement with Pegasus BidCo, which includes a 6% increase in cash consideration for shareholders, from NZ$1.34 per share to NZ$1.42 per share.

Pegasus has entered into commitments with a number of large New Zealand-based shareholders and a few Specified Shareholders to vote in favour of the Scheme at the increased consideration.

Pushpay's Non-Conflicted Directors unanimously recommend that shareholders vote in favour of the Scheme and undertake to vote all of their own shares in favour of the Scheme, in the absence of a superior proposal.

The company says a new Scheme Meeting will be held and updated information and details of the meeting will be sent to shareholders.