The Board of The BetMakers Holdings Limited (ASX:TBH) ("Company") is pleased to advise that the non-renounceable pro-rata entitlement offer ("Offer") announced on 30 April 2019 and 7 May 2019 closed on 27 May 2019 oversubscribed.

Under the Offer, eligible shareholders registered on the Company's share register on 13 May 2019 were invited to subscribe for one (1) fully paid ordinary share in the Company ("New Shares") for every 2.8 existing shares held in the Company at the Offer price of 3 cents ($0.03) per New Share.

In accordance with the terms of the Offer, the Company has exercised its discretion and scaled back applications for additional shares under the Shortfall ("Shortfall Shares"). Refunds for the unallocated portion of the applications for Shortfall Shares will be refunded following the scale back.

Subject to finalisation, the New Shares and Shortfall Shares will be issued and allotted to applicants under the Offer and Shortfall on 3 June 2019. Transaction confirmation statements will be dispatched on 4 June 2019.

The Offer was underwritten by Spenceley Management Pty Ltd ACN 127 151 437 < Spenceley Family Trust > and Ryder Capital Limited ACN 606 695 854 (together the "Underwriters") for up to $2,000,000 in aggregate. However, due to the oversubscription of the Offer, the Underwriters will not subscribe for any Shortfall.

The Board would like to thank all shareholders for their continued support of the Company.

To view the share issue, please visit:
http://abnnewswire.net/lnk/BM74K4PR


About The Betmakers Holdings Limited

The Betmakers Holdings Limited (ASX:TBH)(OTCMKTS:TPBTF)(FRA:T07), 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
E: companysecretary@thebetmakers.com
M: + 61-409-083-780

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



Link: Entitlement Offer closes oversubscribed



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