IncentiaPay's strategic financial decision

IncentiaPay (ASX: INP) has announced a conditional non-binding deed of novation with New Gold Coast Holdings and Suzerain Investment Holdings Limited. Suzerain is set to assume the rights and obligations of NGCH under a convertible loan deed and associated security deed. Shareholder approval is required for this novation to become binding.

Comprehensive overview and future outlook

IncentiaPay (ASX: INP) has announced its intent to enter a deed of novation, allowing Suzerain Investment Holdings Limited to take over the convertible loan and security agreement obligations from New Gold Coast Holdings. This agreement maintains the existing terms, ensuring continuity while changing the involved parties. The novation is pending shareholder approval, reflecting the company's commitment to transparency and governance. IncentiaPay, a longstanding player in the entertainment and rewards industry, continues to leverage its marketplace model to generate revenue through subscriptions and targeted campaigns in Australia and New Zealand. The company's strategic move may strengthen its financial positioning and support its innovative offerings in data analytics and consumer engagement.

Insights from company management

The novation will allow Suzerain to assume the obligations of NGCH without altering the terms of the loan or security agreements, aside from the change in parties involved.