Smartpay Holdings (ASX:SMP, NZE:SPY,) said the High Court of New Zealand had made final orders approving the company's proposed scheme of arrangement with Shift4 Holdings and Shift4 Payments, according to a Friday filing with the Australian bourse.

In June, the company entered a scheme implementation agreement with US-based Shift4 Payments, under which Shift4 Payments or its unit would acquire the company's shares for NZ$1.20 per share in cash.