On February 20, 2023, Pushpay Holdings Limited announced that it has been informed by Accident Compensation Corporation intends to vote against the acquisition of the Company at NZ$1.34 per share by Pegasus Bidco Limited under the proposed scheme of arrangement. In addition, the Company stated that the non-conflicted directors believe the scheme represents the risk adjusted value for shareholders and provides shareholders with an opportunity to accelerate a capital return, while also mitigating the risks and uncertainties that are otherwise involved in delivering the opportunities from executing Company?s strategic plan over time.