Ellerston Capital becomes substantial holder in Betr Entertainment

YAST Investments Pty Ltd has reported a change in its substantial holding in Betr Entertainment Limited. On September 26, 2025, YAST's voting power decreased from 11.157% to 9.333%. This dilution was primarily due to the issuance of new shares following the closure of an off-market takeover bid and an accelerated non-renounceable entitlement offer.

Separately, Michael Sullivan's substantial holding also saw a reduction from 9.473% to 7.826% on the same date for similar reasons. Meanwhile, Ellerston Capital Limited became a new substantial holder in Betr Entertainment Limited on September 30, 2025, with a voting power of 5.04%.

Majestic Equity Pty Ltd also reported a change, with its voting power in Betr Entertainment Limited decreasing from 9.239% to 7.728% on September 26, 2025, due to share dilutions from the off-market takeover bid and the entitlement offer.