Better Collective A/S’s purchase of Playmaker Capital Inc. has received overwhelming support from shareholders at this critical juncture. At its special shareholder meeting on January 22, 2024, the digital sports media company—which is well-known for providing authentic content experiences across several sports media brands—saw a strong display of support.
The overwhelming consensus among common shareholders on the strategic alignment between Better Collective and Playmaker Capital is demonstrated by their positive vote. The purchase, which was arranged as a plan of arrangement in accordance with the Business Corporations Act, was enthusiastically approved, constituting a noteworthy achievement for both organizations.
“The resounding approval from our shareholders reinforces the shared vision we have with Better Collective,” remarked the CEO of Playmaker Capital Inc. The overwhelming support reflects the confidence investors place in the potential of this merger to elevate the digital sports media landscape.
Key Approvals and Path to Completion
The process of completing the transaction is not without its regulatory complexities, though. At least two-thirds of the votes cast by company shareholders at the meeting must be approved for the arrangement to be completed. Furthermore, it is necessary to receive a majority of votes, with the exception of those covered by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101).
The sale is expected to close in early February, pending approval from the Minister of Canadian Heritage, a final ruling by the Ontario Superior Court of Justice (Commercial List), and the satisfaction or waiver of conditions mentioned in the arrangement agreement dated November 6, 2023.
The combination of Better Collective A/S and Playmaker Capital Inc. is about to change the way that digital sports media is presented. Both organizations have voiced confidence about the prospects for future collaboration, imagining a time when their combined talents can provide multimedia experiences that sports fans across the world will find unmatched.
Stakeholders are looking forward to this revolutionary merger coming to fruition and Playmaker Capital Inc.’s following development under Better Collective A/S. as the closing date draws near.
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