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Playmaker Capital Inc.'s Acquisition By Better Collective Receives Shareholder Approval


Playmaker Capital Inc.'s Acquisition By Better Collective Receives Shareholder Approval
Playmaker Capital Inc.'s Acquisition By Better Collective Receives Shareholder Approval

Playmaker Capital Inc. (TSX-V: PMKR), the digital sports media company renowned for delivering authentic content experiences through its sports media brands, has successfully secured shareholder approval for its acquisition by Better Collective A/S.


The acquisition, structured as a plan of arrangement under the Business Corporations Act (Ontario), received overwhelming support from the Company's shareholders during a special meeting held on January 22nd, 2024.


The completion of the arrangement mandated approval from Company Shareholders, necessitating at least two-thirds of the votes cast in favor and a majority of votes from Company Shareholders excluding those falling under the provisions of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (MI 61-101).


The voting results from the meeting were as follows:

  • Votes For: 178,490,190 (99.999%)

  • Votes Against: 2,011 (0.001%)


When excluding votes attached to Common Shares that needed exclusion for "minority approval" under MI 61-101:

  • Votes For: 141,184,070 (99.999%)

  • Votes Against: 2,011 (0.001%)


Subject to obtaining the final order for the arrangement from the Ontario Superior Court of Justice (Commercial List), approval from the Minister of Canadian Heritage, and fulfillment or waiver of other closing conditions outlined in the arrangement agreement dated November 6, 2023, (as amended on December 8, 2023), the acquisition is anticipated to conclude in early February.


The overwhelming support from shareholders underscores the confidence in the strategic alignment and future prospects arising from the collaboration between Playmaker Capital Inc. and Better Collective A/S.


The arrangement is poised to enhance the digital sports media landscape through the combined strengths of both entities.

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