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betr Challenges PointsBet Board Over Accelerated Share Vesting in Takeover Clash

4:07am on Saturday 30th of August, 2025 AEST Financial Services
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betr Challenges PointsBet Board Over Accelerated Share Vesting in Takeover Clash

4:07am on Saturday 30th of August, 2025 AEST
Key Points
  • betr Entertainment applies to Takeovers Panel over PointsBet’s accelerated vesting
  • PointsBet board’s decision increased MIXI’s voting power from 37.86% to 42.38%
  • betr argues vesting was unreasonable and disrupted market fairness
  • Application seeks cancellation of newly issued shares and reissuance of performance rights
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