betr entertainment's takeover bid for pointsbet now unconditional

betr entertainment limited's off-market takeover offer for PointsBet Holdings Limited has been declared unconditional following shareholder approval on September 22, 2025. Shareholders approved the issuance of offer consideration and a selective buy-back, clearing all defeating conditions outlined in the replacement bidder's statement.

As of September 19, 2025, betr held a relevant interest in 20.6% of PointsBet shares. With the offer now unconditional, an additional 6.52% of shares, previously held under an acceptance facility, will convert to formal acceptances, increasing betr's total holding to 27.12% of all PointsBet shares on issue.

The offer is scheduled to close at 7:00 pm (Sydney time) on Thursday, September 25, 2025, and will not be extended. This fifth supplementary bidder's statement has been lodged with ASIC and approved by a unanimous resolution of betr's directors.