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BETR Entertainment Limited (ASX:BBT)

ALERT: Price-sensitive ASX Announcement for BBT
Current share price for BBT : $0.195 -0.105 (-35%)+
Announcement
Release
29 Aug 2025 4:47PM
Price at Release
$0.300
Full Release
download
Summary
The Takeovers Panel declined to conduct proceedings on an application made by BETR Entertainment Limited concerning PointsBet Holdings Limited's affairs. The application was related to the issuance of new shares by PointsBet upon the vesting of performance share rights, which BETR argued could unfairly influence a takeover bid by MIXI Australia Pty Ltd. The Panel concluded there was no reasonable prospect for a declaration of unacceptable circumstances, as any orders could disrupt market efficiency.
Key Points
  • Panel declined to conduct proceedings on BETR's application.
  • The issue involved the vesting of 10,750,550 PointsBet shares.
  • BETR argued that the share issuance could affect takeover bid outcomes.
  • The decision considered the impact on market efficiency.
  • No declaration of unacceptable circumstances was made.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.