Affiliate Industry
Playmaker Capital Announces Shareholder Approval of its Acquisition by Better Collective
Playmaker Capital Inc., the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, announced that holders of its common shares have voted in favour of the previously announced acquisition of Playmaker by Better Collective A/S by way of plan of arrangement under the Business Corporations Act at the Company’s special meeting of shareholders held on January 22, 2024.
The completion of the Arrangement requires the approval of: (i) at least two-thirds of the votes cast at the Meeting in person or by proxy by Company Shareholders; and (ii) a majority of the votes cast at the Meeting in person or by proxy by Company Shareholders, excluding votes of persons whose votes must be excluded in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101).
Subject to receipt of a final order in respect of the Arrangement from the Ontario Superior Court of Justice (Commercial List), approval from the Minister of Canadian Heritage and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement with Better Collective dated November 6, 2023, as amended on December 8, 2023, the Arrangement is expected to close in early February.
