PLACEMENT COMPLETED TO ACCELERATE BUSINESS GROWTH STRATEGY

Further to the announcement on the 23rd August 2017, the Board of TopBetta Holdings Limited (ASX:TBH) ("the Company") is pleased to announce that it has completed the issue and allotment of 21,445,681 fully paid ordinary shares ("Placement") to raise AUD $9,007,186.02 (before costs) at 42 cents per share from sophisticated and institutional investors.

The shares issued under the Placement were issued without a disclosure document in accordance with section 708 of the Corporations Act 2001 (Cth).

The shares issued under the Placement were issued as follows:

- 8,129,909 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and

- 13,315,772 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.

The Company's CEO, Todd Buckingham commented: "The Company is extremely pleased with the successful placement. It puts us in a great position to capitalise on the recently announced UK and US licences and to push forward on the retail side of TopBetta Pty Ltd's business as well."

"With the Spring carnival fast approaching we're looking forward to updating the market on the business progress."

An Appendix 3B and cleansing statement are attached in link below in respect of the Placement.

To view the placement details, please visit:
http://abnnewswire.net/lnk/08PP23FE


About The Betmakers Holdings Limited

The Betmakers Holdings Limited (ASX:TBH), formerly TopBetta Holdings Limited, 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. The Company 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
companysecretary@topbetta.com
+ 61 (0) 409 083 780

Jane Morgan
Investor & Media Relations
investors@topbetta.com
+ 61 (0) 405 555 618



Link: Completion of Placement and Appendix 3B



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Related Industry Topics:
Games & Entertainment Consumers General Sports