Regulatory Release 36/2020
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES
Better Collective A/S (“Better Collective” or the “Company”), a leading sports betting media group with a growing presence in the US, today announces the intention of the founders and majority shareholders together with the company’s CFO to offer approx. 2.5 million shares (the “Transaction”) to institutional and other professional investors. Jesper Søgaard, CEO of Better Collective and Christian Kirk Rasmussen, COO of Better Collective (the “Founders”), are holders of 12,171,179 shares each, corresponding to a total of approx. 52% of all outstanding shares, in Better Collective A/S (“Better Collective” or the “Company”) through their respective holding companies J. Søgaard Holding ApS and Chr. Dam Holding ApS. Flemming Pedersen, CFO of Better Collective is the indirect shareholder of 137,322 shares in Better Collective through the holding company Naapster ApS (the Founders and Flemming Pedersen jointly referred to as the “Sellers”). The contemplated offering will be executed as an accelerated book-built undocumented offering to institutional and other professional investors (the “Transaction”).
The Transaction in brief
The accelerated book building process (the “Book building”), will commence immediately following this announcement. Pricing and allocation of the new shares are expected to take place before the beginning