On March 2, 2023, Pushpay Holdings Limited announced that it wishes to provide an update on proxy votes received in respect of the resolution to approve the scheme of arrangement with Pegasus Bidco Limited which is to be put to shareholders at the Scheme Meeting on March 3, 2023. In addition, the Company stated that shareholders should not draw any conclusions regarding the Scheme from the current trading halt and at this stage, the Company will be proceeding with the scheme meeting, to ensure all shareholders can have their say on the Scheme. Further, the Company stated that if the scheme is not approved by shareholders at the scheme meeting, the Company and the Pegasus Bidco Limited have until 5:00 pm (NZT) on March 7, 2023, to agree to hold another shareholder meeting and if this does not occur, either Company or the Pegasus Bidco Limited can terminate the scheme implementation agreement, in which case the scheme will not proceed, and Company will remain listed on the NZX and ASX.