Completes $1m Placement
Completes $1m Placement
Sydney, Feb 26, 2018 AEST (ABN Newswire) - Further to the ASX announcement dated 19th February 2018, the Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") is pleased to announce that the Company has completed the issue and allotment of 3,508,771 fully paid ordinary shares ("Placement Shares") to raise AUD$1M at 28.5 cents per Placement Share from sophisticated and institutional investors ("Placement").

The Placement Shares have been issued without disclosure under the Company's placement capacity under ASX Listing Rule 7.1.

Further to the ASX announcement dated 9th October 2017, the Company wishes to advise that Modern Wagering Systems Pty Ltd ("MWS") has satisfied it's training and support obligations in respect of the software code base of the Global Tote. Accordingly, the Company has released the voluntary escrow restrictions applicable to 1.25M of MWS' shares with effect on and from today.

MWS continues to be an avid supporter of the Company and remains a shareholder of TBH.


About Topbetta Holdings Ltd

TopBetta Holdings Limited ASX TBHTopBetta Holdings Limited (ASX:TBH) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. TopBetta Pty Ltd operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH's Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.

     


Contact

Charly Duffy
Company Secretary
E: companysecretary@topbetta.com
M: + 61-409-083-780

Jane Morgan
Investor & Media Relations
E: investors@topbetta.com
M: +61-405-555-618



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