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Pointsbet Holdings Limited (ASX:PBH)

ALERT: Price-sensitive ASX Announcement for PBH
Current share price for PBH : $0.940 -0.26 (-21.67%)+
Announcement
Release
23 Jul 2025 8:15AM
Price at Release
$1.200
Full Release
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Summary
On June 3, 2024, PointsBet Holdings Limited (PBH) announced that it had received and rejected an unsolicited, non-binding, and highly conditional scrip proposal from NTD Pty Limited (Betr) to acquire 100% of PointsBet. The PointsBet Board, after thorough consideration with its advisers, concluded that the proposal did not offer sufficient certainty, was highly conditional, and carried significant execution risk, making it not in the best interests of shareholders. PointsBet reaffirmed its commitment to its current strategy, including the return of capital to shareholders and continued engagement with regulators and stakeholders regarding its ongoing and previous business dealings.
Key Points
  • Pointsbet Holdings Limited received an unsolicited, conditional, and non-binding proposal from NTD Pty Limited (Betr) to acquire 100% of PointsBet by way of a scheme of arrangement.
  • Betr’s proposal involved an all-scrip consideration that would result in PointsBet shareholders owning approximately 56% of the merged group and Betr shareholders owning the rest.
  • The PointsBet Board, in conjunction with its advisers, carefully assessed the proposal and determined it was not in the best interests of PointsBet shareholders.
  • The Board cited several reasons for rejecting the offer, including the highly conditional nature of the proposal, lack of certainty and detail, and concerns over the execution risk.
  • PointsBet reaffirmed its strategic direction and ongoing engagement with relevant regulators and stakeholders regarding previous transactions, including the sale of its US business.
  • The company remains focused on its goal to return capital to shareholders and maximize value through its ongoing business operations and strategic initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.