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PointsBet Clarifies Voting Allegations and Advances Scheme

Story Highlights
  • PointsBet addressed allegations from Betr about voting procedures at a scheme meeting.
  • The scheme was approved by shareholders, and PointsBet will proceed with legal steps.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PointsBet Clarifies Voting Allegations and Advances Scheme

Confident Investing Starts Here:

BlueBet Holdings Ltd. ( (AU:BBT) ) has shared an update.

PointsBet Holdings Limited, a company involved in a scheme of arrangement with a subsidiary of MIXI, Inc, has addressed allegations made by Betr Entertainment Limited regarding voting procedures at a recent scheme meeting. PointsBet clarified that Betr’s vote was not excluded by the chair, but rather Betr revoked its proxy and did not cast a vote. The scheme has been approved by the necessary majorities, and PointsBet will proceed with the next legal steps.

The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.47 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.

More about BlueBet Holdings Ltd.

Average Trading Volume: 640,795

Technical Sentiment Signal: Sell

Current Market Cap: A$297.4M

For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.

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