As detailed in the Company's Notice of Meeting dated 20 May 2019, the grant of the Waiver satisfies one of the two conditions precedent required to affect the Proposed Amendments to the terms of the options. The remaining condition precedent is the Company obtaining shareholder approval for the Proposed Amendments at the shareholder meeting to be held on 21 June 2019.
For further details regarding the Proposed Amendments, please see the Notice of Meeting lodged with ASX on 20 May 2019.
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.
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The Betmakers Holdings Limited (ASX:TBH) Payments Made for the Acquisitions of Global Betting Services, DynamicOdds and CDK Software