The SPP was oversubscribed with the Company receiving applications from Eligible Shareholders totalling approximately
"Through organic growth and acquisitions, we have rapidly added significant shareholder value which now positions
As foreshadowed in the SPP Offer Booklet, the intention of the SPP was to reward
Scale Back
In applying the scale back, the Board took into consideration several matters, including:
- ensuring that long-term retail supporters of the Company have a chance to increase their shareholdings;
- rewarding the loyalty and support of retail investors who continue to hold a meaningful number of shares;
- the high-level of demand from investors for SPP Shares; and
- the relative number of shares the applicant held on the Record Date and the Closing Date.
In particular, Eligible Shareholders who held 50,000 shares or less on the Record Date will be allocated SPP Shares equal to the lower of (i) 62% of the number of Shares they held on the Record Date; and (ii) 62% of the amount of SPP Shares they validly applied for. Eligible Shareholders who held more than 50,000 shares on the Record Date will be allocated 62% of the amount of SPP Shares they applied for.
Regardless of the number of shares held on the Record Date, Eligible Shareholders who sold Shares after the Record Date and held 1 or less shares on the Closing Date were allocated one SPP Share.
The Company will issue approximately 16.66 million SPP Shares on
Excess funds as a result of the scale back will be refunded to applicants without interest in accordance with the terms and conditions set out in the SPP Offer Booklet. To enable shareholders to receive their refund as quickly as possible by EFT, shareholders are strongly encouraged to update their bank details on the Computershare Investor Centre.
To view details on updating details, please visit:
https://abnnewswire.net/lnk/8Y3SDG07
Unless otherwise defined, capitalised words in this announcement have the same meaning given to them in the SPP Offer Booklet.
About
Contact:
Company Secretary
E: companysecretary@thebetmakers.com
M: + 61-409-083-780
Investor and Media Relations
E: investors@thebetmakers.com
M: +61-405-555-618
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