TSK - TASK Group Holdings

[System]

Plexure is a mobile engagement software company. Global brands use the Company's products to engage consumers on mobile devices and drive them to store with personalised offers, mobile order and pay and loyalty. Plexure's software integrates with operational systems to remove friction and create a seamless purchase experience for consumers.

Plexure makes the sales process for physical retailers seamless, engaging and profitable by identifying where customers are, what they want and then facilitating their purchases. The Company’s technology platform and product offering covers five key capabilities:

• Personalised offers
• Next generation loyalty programmes
• Mobile order and pay
• Analytics
• Seamless operations integration

It is anticipated that PX1 will list on the ASX during November 2020.

Plexure - Next-Generation Customer Engagement - TASK

Plexure’s industry-leading customer engagement data platform captures, analyzes, and understands customer purchasing behavior.

www.plexure.com

 

[taoism]

Any chance to get a copy of the spreadsheet? Have a great Christmas and NY.

 

[System]

On October 18th, 2022, Plexure Group Limited (PX1) changed its name and ASX code to Task Group Holdings Limited (TSK).

 

[Dona Ferentes]

not so impressive in its near 2 year ASX listing . Also NZX listing with HQ there.

Got some big clients but how do they make a buck?

 

[Dona Ferentes]

not so impressive in its near 2 year ASX listing . Also NZX listing with HQ there..

..maybe turning a corner, and getting ideas of growth beyond ..

From 30 May results:

FY24 Strategy and outlook
In FY24, the Group will further invest in global growth. The Group will target organic opportunities, including US expansion among QSR and Sport & Entertainment customers as well as entering new geographies and industries.

To support our existing customers and further expand our growth, the TASK platform will continue to add to its ecosystem of services to deliver improved consumer experiences, drive operational efficiencies, and provide flexibility and customer choice. Plans to expand our global end-to-end platform offerings are in progress. including features such as capacity management, white label apps, and personalisation capabilities.

The Group will also continue to explore new lines of business, including the recently announced acquisition of software IP to support the development and commercialisation of TASK’s payments capability. These new capabilities will generate new revenue streams over the medium term, create value for our customers and open up new opportunities to expand our addressable market.

While cost management remains a core priority, TASK expects operating costs to grow in line with expansion of its client base and capabilities.

Daniel Houden, CEO of TASK, stated, “Our global end-to-end platform presents us with attractive organic opportunities globally and ensure that we continue to provide a world-class experience for our customers globally. Combined with further investment in our platform, people and new lines of business, we are confident that we can deliver strong profitable growth in the year ahead.”

Plans to migrate Incorporation of Company to Australia

Following the migration of its primary listing to the ASX in October last year, TASK announces it plans to migrate its incorporation to Australia and, in due course, delist from the NZX. Migration of the Company’s incorporation will simplify the corporate structure and administration of the Group and clarify the tax residency of the parent company. Furthermore, consolidation of the Group’s shares on the ASX will reduce listing costs and support increased liquidity.

 

[Dona Ferentes]

AGM today

.
consolidating

 

[galumay]

Loss making #shitco that adjusts numbers sufficiently to create fake operating profit. Who falls for this sort of nonsense??

 

[Dona Ferentes]

Who falls for this sort of nonsense??

tsk tsk

double TSK

TASK agrees to scheme agreement with PAR Technology
• Scheme - TASK Group Holdings Limited (ASX:TSK) and PAR Technology Corporation (NYSE : PAR) have entered into a Scheme Implementation Agreement under which it is proposed that PAR will acquire 100% of TASK by way of a Scheme of Arrangement. TASK shareholders will have the ability to receive the Scheme consideration in cash or scrip by way of a mix and match facility.
• Cash Consideration - Under the Scheme, TASK shareholders will have the opportunity to elect to receive consideration of 100% cash at a price of A$0.81 per TASK Share. The Cash Consideration represents a 103% premium to the TASK closing price of A$0.40 per share on 8 March 2023 and a 107% premium to the 30-day volume weighted average price.
• Mixed Consideration - Alternatively, under the Scheme, TASK shareholders will have the opportunity to elect to receive up to 50% of their consideration in shares of PAR common stock at a ratio of 0.015 PAR Shares for each TASK share held with the balance payable in Cash Consideration. Based on the closing price of PAR Shares on 08 March 2024 of $US43.41 per PAR Share, the Share Consideration implies a value of A$0.98 per TASK Share.
• PAR is a leading global restaurant technology company and provider of unified commerce for enterprise restaurants. PAR’s restaurant hardware, software, loyalty, drive-through, and back-office solutions is used in more than 70,000 restaurants in more than 110 countries.
• TASK’s Board unanimously recommends that TASK shareholders vote in favour of the Scheme in the absence of a superior proposal and subject to an Independent Expert concluding (and continuing to conclude) that the Scheme is in the best interest of TASK’s shareholders.

 

[Dona Ferentes]

now 84c ... looks like SoA happening ... conditions precedent, etc.

shareholder mtg 28 June

Update to PAR Transaction

....following the release and despatch of the scheme booklet announced by TASK on 28 May 2024

As announced in PAR’s press release dated June 10, 2024 and disclosed in its Form 8-K filed with the U.S. Securities Exchange Commission on June 10, 2024, PAR completed the sale of PAR Government Systems Corporation on June 7, 2024 in consideration for a US$95 million cash purchase price, and expects to complete the sale of Rome Research Corporation by the end of the second quarter of 2024 in consideration for a US$7 million cash purchase price. PAR previously disclosed in section 5.5(b) of the Scheme Booklet that the PAR Board of Directors and management periodically evaluate strategic alternatives to maximize value for PAR’s shareholders, including strategic acquisitions, sales of non-strategic assets or businesses (including, for example, a sale of PAR Government Systems Corporation and/or one or more of its subsidiaries). The net proceeds from the sale of PAR Government Systems Corporation and Rome Research Corporation will be available for general corporate purposes, including working capital needs and continued investment in the growth of PAR’s business (including to increase the level of cash on hand at PAR that may be used to fund the Cash Consideration under the
Scheme).

PAR filed a Form 8-K with the SEC on Thursday, June 6, 2024 with respect to proposals approved by its shareholders at the 2024 annual meeting of shareholders. Such approved proposals included, as outlined in Section 5.5(e) of the Scheme Booklet, an increase in PAR’s authorized shares of common stock from 58,000,000 to 116,000,000 and an increase in shares of PAR common stock available for issuance under the Amended and Restated PAR 2015 Incentive Plan by 1.9 million shares.

Satisfaction of conditions precedent .... etc

 

[Dona Ferentes]

an office copy of orders made by the Supreme Court of New South Wales approving the scheme of arrangement under which PAR Technology Corporation through its wholly owned subsidiary PAR Global Australia Pty Ltd will acquire 100% of the issued shares in TASK has been lodged with the Australian Securities and Investments Commission pursuant to section 411(10) of the Corporations Act 2001 (Cth)..

The Scheme is now legally effective and it is expected that trading in TASK’s shares will be suspended from close of trading today.

 

[System]

On July 22nd, 2024, TASK Group Holdings Limited (TSK) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between TSK and its shareholders in connection with the acquisition of all the issued capital in TSK by PAR Technology Corporation through its wholly owned subsidiary PAR Global Australia Pty Ltd.