March 29 (Reuters) - Thinksmart Ltd TSM.AX :
* Unanimously concluded that an IPO of its UK business through listing of Thinksmart Europe ltd, is the preferred route
* Says proposed IPO is likely to involve the sale of existing shares by Thinksmart and a placing of new shares to be issued by Thinksmart Europe
* Envisaged that Thinksmart would retain a majority shareholding in Thinksmart Europe following the IPO
* Says it is intended that Thinksmart Europe will have an independent board compliant with the UK's quoted company alliance guidelines
* Preparation for a UK IPO is already underway
* UK business has agreed a 5 year exclusive contract to provide carphone warehouse with multi-channel lease finance for Mobile phones
* Source text for Eikon ID:nASX11Y2fB
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