Betr Secures Support for Buy-Back Resolution, Says No Further Approval Needed for PointsBet Acquisition; Shares Fall 3%

MT Newswires Live

Aug 05

Betr Entertainment (ASX:BBT) has received support from shareholders holding more than 75% of its issued shares for its proposed Selective Buy-Back resolution, ahead of a shareholder vote scheduled for Aug. 25, according to a Tuesday filing with the Australian bourse.

The company also said that no additional regulatory approvals are required from Canadian regulatory authorities for its proposed all-scrip, off-market acquisition of PointsBet Holdings' (ASX:PBH) shares.

Shares of the company fell 3% in recent Tuesday trade.

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