Betmakers Know-how Group Ltd (BET.AX) Annual Report
Sydney, Australia, Aug 30, 2021 – (ABN Newswire) – Through the yr Betmakers Know-how Group Ltd (ASX:BET) (HAM:T07) continued to spend money on the event of its international technique.
On 1 December 2020 BetMakers introduced it had entered into binding agreements to accumulate Sportech PLC’s Racing and Digital belongings (‘Sportech’) for a consideration of GBP 30.9 million. The transaction accomplished on 17 June 2021.
To assist the funding of the Sportech asset acquisition, on 2 December 2020 BetMakers introduced it had obtained agency commitments to lift $50,000,000 (earlier than prices) underneath a placement through the problem of roughly 83.3 million new absolutely paid odd shares at a proposal value of $0.60.
Along with the above, the corporate introduced the launch of a $10,000,000 Share Buy Plan to current eligible traders, to difficulty new absolutely paid odd shares at a proposal value of $0.60. This supply closed on 15 January 2021 and was oversubscribed.
On 17 February 2021, the corporate introduced that it had entered into an unique settlement with Mr Matt Tripp to turn into a strategic advisor. Along with this, Mr Tripp additionally agreed to subscribe for $25,000,000 of latest odd shares within the firm at a problem value of $0.70 per share. The corporate additionally obtained agency commitments of $50,000,000 from a number of current shareholders, additionally at a problem value of $0.70 per odd share.
On 23 June 2021, the corporate acquired the expertise platform belongings, databases and mental property of racing information firm Kind Cruncher Pty Ltd. In consideration for these belongings, the corporate agreed an preliminary fee of $1,000,000 and a efficiency fee of as much as $1,000,000.
On 23 June 2021, the corporate acquired the expertise and mental property related to Swopstakes betting product. In consideration for these belongings, the corporate agreed an preliminary fee of $634,750 and a efficiency fee of as much as $15,000,000.
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About Betmakers Know-how Group Ltd:
Betmakers Know-how Group Ltd (ASX:BET)(FRA:T07) is an ASX-listed holding firm and a world supplier of on-line wagering services to each wholesale and retail markets by its varied wholly owned subsidiaries. The Firm operates a retail wagering enterprise, providing shoppers wagering, fantasy match and content material services.
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