Aankondiging • Jun 12
Better Collective Launches AI Betting Solution Playbook in Brazil Better Collective announced the official Brazil launch of Playbook, its AI powered betting solution designed to transform how fans place bets, seamlessly integrating into their sports engagement through personalized recommendations and data-driven insights. Playbook is built to support fans before and during major sporting moments, combining advanced models with Better Collective’s deep sports media expertise. The solution enables users to seamlessly generate customized betslips from sports-related content and access them through their preferred regulated sportsbooks. Since the first market launch in the US in September, Playbook has driven millions of bets to Better Collective's sportsbook partners. The launch of Playbook in Brazil marks an important milestone, bringing the product to one of the world’s most passionate football nations just in time for the World Cup. Initially focused on soccer, Playbook will mostly roll out live on X, Telegram and Discord. The launch of Playbook reinforces Better Collective’s role as the digital home of sports fans and further strengthens the company’s position as a go to partner for sportsbooks looking to reach and retain high quality, engaged audiences in regulated markets. Following the Brazil launch, Better Collective plans to expand Playbook into additional markets, adapting the product to local regulations and user preferences. The expansion comes on the heels of the recent announcement that Better Collective and X have extended their strategic partnership, naming Playbook as an Official Partner to help scale the betting product globally. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: €0.12 (vs €0.058 in 1Q 2025) First quarter 2026 results: EPS: €0.12 (up from €0.058 in 1Q 2025). Revenue: €86.3m (up 4.5% from 1Q 2025). Net income: €7.32m (up 101% from 1Q 2025). Profit margin: 8.5% (up from 4.4% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in Europe. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Aankondiging • Mar 07
Bolero Holdings SARL acquired 5.24% stake in Better Collective A/S (OM:BETCO). Bolero Holdings SARL acquired 5.24% stake in Better Collective A/S (OM:BETCO) on March 6, 2026. As a result of the acquisition, Triton Administration (Jersey) Limited has exceeded the 5% threshold of the share capital and voting rights in Better Collective A/S.
Bolero Holdings SARL completed the acquisition of 5.24% stake in Better Collective A/S (OM:BETCO) on March 6, 2026. Aankondiging • Mar 05
Better Collective A/S (OM:BETCO) announces an Equity Buyback for 10% of its issued share capital, for €40 million. Better Collective A/S (OM:BETCO) announces a share repurchase program. Under the program, the company will repurchase up to €40 million worth of it's shares. The maximum number of shares that can be bought under the program cannot exceed 10% of the Company’s total outstanding share capital. The purpose of the program is to cover future obligations of the Company relating to acquisitions, cover share delivery obligations relating to long-term incentive (LTI) programs, and potentially optimizing and improving the capital structure of the Company by reducing the capital. During the program, no shares will be purchased at a price exceeding the higher of the price of the latest independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The program will be funded via cash. The program is valid till March 3, 2027. As of March 5, 2026, the company had 451,449 shares in treasury. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr.98.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Hospitality industry in Europe. Total returns to shareholders of 30% over the past year. Aankondiging • Mar 03
Better Collective A/S, Annual General Meeting, Mar 24, 2026 Better Collective A/S, Annual General Meeting, Mar 24, 2026, at 12:00 W. Europe Standard Time. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: €0.38 (vs €0.55 in FY 2024) Full year 2025 results: EPS: €0.38 (down from €0.55 in FY 2024). Revenue: €336.7m (down 9.4% from FY 2024). Net income: €23.6m (down 31% from FY 2024). Profit margin: 7.0% (down from 9.2% in FY 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Hospitality industry in Europe. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.87.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Hospitality industry in Europe. Total returns to shareholders of 16% over the past year. Aankondiging • Nov 23
Better Collective A/S to Report Fiscal Year 2026 Results on Feb 24, 2027 Better Collective A/S announced that they will report fiscal year 2026 results on Feb 24, 2027 Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: €0.03 (vs €0.018 in 3Q 2024) Third quarter 2025 results: EPS: €0.03 (up from €0.018 in 3Q 2024). Revenue: €78.3m (down 3.6% from 3Q 2024). Net income: €1.64m (up 47% from 3Q 2024). Profit margin: 2.1% (up from 1.4% in 3Q 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Interactive Media and Services industry in Europe. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: €0.09 (vs €0.16 in 2Q 2024) Second quarter 2025 results: EPS: €0.09 (down from €0.16 in 2Q 2024). Revenue: €81.5m (down 18% from 2Q 2024). Net income: €5.28m (down 49% from 2Q 2024). Profit margin: 6.5% (down from 10% in 2Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Interactive Media and Services industry in Europe. Aankondiging • May 29
Better Collective A/S (OM:BETCO) commences an Equity Buyback Plan for 6,195,887 shares, representing 9.82% of its issued share capital, under the authorization approved on April 22, 2025. Better Collective A/S (OM:BETCO) commences share repurchases on May 22, 2025, under the program mandated by the shareholders in the Annual General Meeting held on April 22, 2025. As per the mandate, the company is authorized to repurchase up to 6,195,887 shares, representing 9.82% of its issued share capital. The shares will be repurchased at a price per share within the band of prices (spread) applying on the Exchange. The program is valid until the annual general meeting to be held in 2026. As of March 28, 2025, the company had 63,076,627 shares in issue.
On May 21, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to 6,195,887 shares for €10 million. The purpose of the program is to improve the capital structure of the Company by reducing the capital and partially cover the share delivery obligations relating to long-term incentive (LTI) programs. The repurchases will take place from May 22, 2025, to August 26, 2025. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: €0.058 (vs €0.13 in 1Q 2024) First quarter 2025 results: EPS: €0.058 (down from €0.13 in 1Q 2024). Revenue: €82.6m (down 13% from 1Q 2024). Net income: €3.64m (down 52% from 1Q 2024). Profit margin: 4.4% (down from 7.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.80.45, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 57% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr.148 per share. New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Aankondiging • Feb 20
Better Collective A/S, Annual General Meeting, Apr 22, 2025 Better Collective A/S, Annual General Meeting, Apr 22, 2025. New Risk • Feb 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: €0.55 (vs €0.72 in FY 2023) Full year 2024 results: EPS: €0.55 (down from €0.72 in FY 2023). Revenue: €371.5m (up 14% from FY 2023). Net income: €34.0m (down 15% from FY 2023). Profit margin: 9.2% (down from 12% in FY 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €0.018 (vs €0.056 in 3Q 2023) Third quarter 2024 results: EPS: €0.018 (down from €0.056 in 3Q 2023). Revenue: €81.2m (up 7.6% from 3Q 2023). Net income: €1.12m (down 64% from 3Q 2023). Profit margin: 1.4% (down from 4.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to kr.89.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Interactive Media and Services industry in Europe. Aankondiging • Oct 25
Better Collective A/S Updates Earnings Guidance for the Full Year 2024 Better Collective A/S updated earnings guidance for the full year 2024. For the year, the company expects revenue of EUR 355 million - EUR 375 million (previously EUR 395 million - EUR 425 million). Aankondiging • Oct 11
Better Collective Announces Nomination Committee Appointments Better Collective has appointed its nomination committee, based on ownership data as per August 31, 2024. Better Collective’s Nomination Committee shall consist of four members, representing the three largest shareholders as per the end of August each year, together with the Chair of the Board of Directors. In accordance with the shareholders’ decision, the nomination committee has been appointed and is composed by four members in total: Søren Jørgensen, appointed by Chr. Dam Holding. Troels Bisgaard Vig, appointed by J. Søgaard Holding. Anders Lund, appointed by BLS Capital Aondsmæglerselskab A/S. Jens Bager, Chair of the Board of Directors, Better Collective. Recent Insider Transactions • Sep 01
Independent Chairman recently sold kr.23m worth of stock On the 28th of August, Jens Bager sold around 150k shares on-market at roughly kr.152 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jens' only on-market trade for the last 12 months. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: €0.16 (vs €0.15 in 2Q 2023) Second quarter 2024 results: EPS: €0.16 (up from €0.15 in 2Q 2023). Revenue: €99.1m (up 27% from 2Q 2023). Net income: €10.3m (up 24% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Aankondiging • May 30
Better Collective A/S (OM:BETCO) commences an Equity Buyback for 6,289,950 shares, representing 10% of its issued share capital, under the authorization approved on April 22, 2024. Better Collective A/S (OM:BETCO) commences share repurchases on May 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 22, 2024. As per the mandate, the company is authorized to repurchase up to 6,289,950 shares, representing 10% of its issued share capital. The shares will be repurchased at a price per share within the band of prices (spread) applying on the Exchange. The program is valid until the annual general meeting to be held in 2025. As of March 25, 2024, the company had 62,899,505 shares in issue.
On May 21, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to 6,289,950 shares for €2.4 million. The purpose of the program is to partially cover the share delivery obligations relating to the acquisition of Ace Odds. The repurchases will take place from May 22, 2024, to July 3, 2024. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr.162, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Interactive Media and Services industry in Europe. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: €0.13 (vs €0.38 in 1Q 2023) First quarter 2024 results: EPS: €0.13 (down from €0.38 in 1Q 2023). Revenue: €95.0m (up 8.1% from 1Q 2023). Net income: €7.55m (down 64% from 1Q 2023). Profit margin: 7.9% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Buy Or Sell Opportunity • May 22
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to kr.164. The fair value is estimated to be kr.215, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • May 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to kr.184. The fair value is estimated to be kr.236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • Apr 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to kr.183. The fair value is estimated to be kr.234, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued Over the last 90 days, the stock has risen 15% to kr.191. The fair value is estimated to be kr.239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Aankondiging • Mar 26
Better Collective A/S to Report Q3, 2024 Results on Nov 13, 2024 Better Collective A/S announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: €0.72 (vs €0.88 in FY 2022) Full year 2023 results: EPS: €0.72 (down from €0.88 in FY 2022). Revenue: €326.7m (up 21% from FY 2022). Net income: €39.8m (down 17% from FY 2022). Profit margin: 12% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Buy Or Sell Opportunity • Mar 07
Now 22% undervalued Over the last 90 days, the stock has risen 16% to kr.184. The fair value is estimated to be kr.235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). New Risk • Feb 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Aankondiging • Feb 08
Better Collective A/S (OM:BETCO) completed the acquisition of Playmaker Capital Inc. (TSXV:PMKR) from a group of shareholders. Better Collective A/S (OM:BETCO) entered into a definitive agreement to acquire Playmaker Capital Inc. (TSXV:PMKR) from a group of shareholders for approximately CAD 170 million on November 6, 2023. Under the transaction, the holders of Playmaker Capital common shares will receive consideration of CAD 0.7 per share. The consideration comprises cash and shares of Better Collective. Playmaker Capital’s shareholders will be able to elect either CAD 0.70 in cash or 0.0206 shares of Better Collective per Playmaker Capital common share, subject to proration and an aggregate cap of 65% shares in Better Collective and 35% in cash. Playmaker Capital shareholders who do not elect cash or shares of Better Collective (subject to proration) will receive a default consideration of CAD 0.245 in cash (35%) and 0.0134 shares of Better Collective (65%) per Playmaker Capital common share. The cash consideration will be paid by existing cash on the balance sheet and already established bank credit facilities. Following the closing of the transaction, Playmaker Capital will be a wholly owned subsidiary of Better Collective. In case of temination under certain circumstances, either party will pay a termination fee of CAD 5 million to other party.The Transaction is to be effected by way of a court-approved plan of arrangement and is expected to close in the first quarter of 2024, subject to receipt of 66 2/3% of the votes cast by Playmaker shareholders and court approvals, a required regulatory approval and customary closing conditions. Completion of the Transaction is not subject to any financing condition. Playmaker’s board of directors has unanimously concluded that the Transaction is in the best interests of Playmaker and recommends that Playmaker shareholders vote in favor of the Transaction. Playmaker shareholders representing approximately 50% of Playmaker’s issued and outstanding common shares, including several of Playmaker’s largest shareholders and each of the Company’s directors and named executive officers, have entered into a voting support agreement pursuant to which each has committed to vote in favour of the Transaction. The transaction is subject to other customary closing conditions, including the approval of certain U.S. gaming authorities and approval under the Investment Canada Act. As of January 22, 2024, Playmaker Capital shareholders approved the transaction. The transaction is expected to close in early February. As of January 31, 2024, Playmaker Capital has received approval from the Minister of Canadian Heritage under the Investment Canada Act. Playmaker is also pleased to announce that the Ontario Superior Court (Commercial List) issued a final order approving the Arrangement on January 24, 2024. Following receipt of Heritage Approval and the Final Order, all conditions to closing of the Arrangement have been satisfied or waived, save for those conditions to be satisfied as part of the closing process. The Arrangement is expected to close on February 6, 2024.Canaccord Genuity Corp. acted as independent financial advisor to Playmaker’s board of directors and also delivered a fairness opinion to Playmaker’s board of directors. Oakvale Capital LLP is acting as financial advisor and Brandon Hoffman of Goodmans LLP is acting as legal advisor to Playmaker in connection with the Transaction. Moelis & Company LLC are acting as exclusive financial advisor, Mario Nigro and John Lee of Stikeman Elliott LLP, BechBruun Law Firm P/S and Greenberg Traurig LLP are acting as legal advisors and PriceWaterhouseCoopers acted as accounting and tax advisor to Better Collective in connection with the transaction. Odyssey Trust Company acted as depositary to Better Collective.Better Collective A/S (OM:BETCO) completed the acquisition of Playmaker Capital Inc. (TSXV:PMKR) from a group of shareholders on February 6, 2024. Recent Insider Transactions • Nov 24
CFO & Executive VP recently bought kr.1.0m worth of stock On the 20th of November, Flemming Pedersen bought around 7k shares on-market at roughly kr.155 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Flemming's only on-market trade for the last 12 months. Reported Earnings • Nov 20
Third quarter 2023 earnings released: EPS: €0.056 (vs €0.13 in 3Q 2022) Third quarter 2023 results: EPS: €0.056 (down from €0.13 in 3Q 2022). Revenue: €75.4m (up 26% from 3Q 2022). Net income: €3.11m (down 55% from 3Q 2022). Profit margin: 4.1% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Aankondiging • Nov 17
Better Collective A/S to Report Q1, 2024 Results on May 21, 2024 Better Collective A/S announced that they will report Q1, 2024 results on May 21, 2024 Aankondiging • Nov 08
Better Collective A/S (OM:BETCO) entered into a definitive agreement to acquire Playmaker Capital Inc. (TSXV:PMKR) from Jordan Gnat, Relay Ventures Parallel Fund III L.P. managed by Relay Ventures and others for approximately CAD 170 million. Better Collective A/S (OM:BETCO) entered into a definitive agreement to acquire Playmaker Capital Inc. (TSXV:PMKR) from Jordan Gnat, Relay Ventures Parallel Fund III L.P. managed by Relay Ventures and others for approximately CAD 170 million on November 6, 2023. Under the transaction, the holders of Playmaker Capital common shares will receive consideration of CAD 0.7 per share. The consideration comprises cash and shares of Better Collective. Playmaker Capital’s shareholders will be able to elect either CAD 0.70 in cash or 0.0206 shares of Better Collective per Playmaker Capital common share, subject to proration and an aggregate cap of 65% shares in Better Collective and 35% in cash. Playmaker Capital shareholders who do not elect cash or shares of Better Collective (subject to proration) will receive a default consideration of CAD 0.245 in cash (35%) and 0.0134 shares of Better Collective (65%) per Playmaker Capital common share. The cash consideration will be paid by existing cash on the balance sheet and already established bank credit facilities. Following the closing of the transaction, Playmaker Capital will be a wholly owned subsidiary of Better Collective.
The Transaction is to be effected by way of a court-approved plan of arrangement and is expected to close in the first quarter of 2024, subject to receipt of 66 2/3% of the votes cast by Playmaker shareholders and court approvals, a required regulatory approval and customary closing conditions. Completion of the Transaction is not subject to any financing condition. Playmaker’s board of directors has unanimously concluded that the Transaction is in the best interests of Playmaker and recommends that Playmaker shareholders vote in favor of the Transaction. Playmaker shareholders representing approximately 50% of Playmaker’s issued and outstanding common shares, including several of Playmaker’s largest shareholders and each of the Company’s directors and named executive officers, have entered into a voting support agreement pursuant to which each has committed to vote in favour of the Transaction. The Transaction is subject to other customary closing conditions, including the approval of certain U.S. gaming authorities and approval under the Investment Canada Act.
Canaccord Genuity Corp. acted as independent financial advisor to Playmaker’s board of directors and also delivered a fairness opinion to Playmaker’s board of directors. Oakvale Capital LLP is acting as financial advisor and Goodmans LLP is acting as legal advisor to Playmaker in connection with the Transaction. Moelis & Company LLC are acting as exclusive financial advisor, Stikeman Elliott LLP, BechBruun Law Firm P/S and Greenberg Traurig LLP are acting as legal advisors and PriceWaterhouseCoopers acted as accounting and tax advisor to Better Collective in connection with the transaction. Aankondiging • Oct 17
Better Collective A/S, Annual General Meeting, Apr 22, 2024 Better Collective A/S, Annual General Meeting, Apr 22, 2024. Aankondiging • Sep 19
Better Collective A/S (OM:BETCO) agreed to acquire TIPS-bladet A/S from Henrik Stegger Nielsen for €6.5 million. Better Collective A/S (OM:BETCO) agreed to acquire TIPS-bladet A/S from Henrik Stegger Nielsen for €6.5 million on September 18, 2023. The total purchase price will be €6.5 million on a cash and debt free basis paid in three installments and will be financed with cash. Henrik Stegger Nielsen joins Better Collective together with all current employees at Tipsbladet. The transaction is expected to close by October 2, 2023. Aankondiging • Sep 06
Better Collective A/S (OM:BETCO) acquired Goalmedia Tecnologia E Marketing Digital LTDA. Better Collective A/S (OM:BETCO) acquired Goalmedia Tecnologia E Marketing Digital LTDA. on September 4, 2023. The consideration will be paid through cash. The deal includes other smaller assets in the Torcedores.com portfolio, and Better Collective will be taking over all operations.
Better Collective A/S (OM:BETCO) completed the acquisition of Goalmedia Tecnologia E Marketing Digital LTDA. on September 4, 2023. Aankondiging • Aug 24
Better Collective A/S to Report Q4, 2023 Results on Feb 21, 2024 Better Collective A/S announced that they will report Q4, 2023 results on Feb 21, 2024 