Silverlake Axis to acquire tech company Finzsoft Solutions

For $3 per share.

Mainboard-listed Silverlake Axis today revealed its plans to acquire Finzsoft Solutions, an Auckland-based financial technology company that develops and implements software and solutions for banks and financial institutions in New Zealand and Australia.

SAL has formed a company, Silverlake HGH Limited , with a party associated with Andrew Holliday, who is
the Managing Director of Finzsoft Solutions.

As the offeror, Silverlake HGH has entered into a lock-up agreement with the majority shareholder of Finzsoft under which the offeror has agreed to make a full takeover offer under the New Zealand Takeovers Code for all of Finzsoft’s shares at a price of NZ$3.00 per share.

The seller has committed to accept the offer in relation to all of its approximately 65.916% shareholding.