Successful Placement and Issue of Shares (Appendix 3B)
The Company also confirms that it has issued the following options to Canaccord Genuity (Australia) Limited (Canaccord):
- 1 million options on the terms and conditions set out in the announcement on 23 November 2016 in consideration for the services provided by Canaccord to TopBetta in connection with the Placement; and
- 3 million options on the terms and conditions set out in the announcement on 18 August 2016 in consideration for the services provided by Canaccord to TopBetta in the connection with the capital raising announced on 18 August 2016, (together, the Options)
Both the shares issued under the Placement and the Options 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:
- 3,918,078 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and
- 11,081,922 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.
The Company is extremely pleased with this successful Placement, together with the approval of The Global Tote product by additional racing bodies, as announced on 28 November 2016.
The Board looks forward to updating the market on further progress in the coming weeks.
To view the full press release, please visit:
About Topbetta Holdings Ltd
TopBetta 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.
Topbetta Holdings Ltd