Better Collective, a global sports betting media group that provides platforms designed to enhance the betting experience for sports fans and iGamers, on Thursday provided an update on the progress of its ongoing share buyback program.
In a separate notice, the company said there has been a change in the number of shares and votes in the corporation due to various transactions in December, including an issuance of new shares.
On December 8, Better Collective initiated a share buyback program for up to €10m ($11.3m), which it said would be executed during the period from December 8, 2021, to February 24, 2022.
On Thursday, the company disclosed four transactions that took place in the period of December 23 through 29 that resulted in a total of 142,000 shares being repurchased: 23,000 on December 23, another 23,000 on December 27, then 73,000 on December 28, and 23,000 on December 29.
Following the above purchases, Better Collective said it now holds 423,575 treasury shares, corresponding to 0.78% of the outstanding share capital of the company.
Purchases for an amount of up to €2.35m remain to be executed under the program, the company noted.
During December, the number of shares and votes in Better Collective has increased, the company said. As of December 30, the number of shares and votes in Better Collective amounts to 54,625,157 following an issue of 136,536 new ordinary shares.
The company put out a Regulatory Release regarding the exercise of warrants on December 7, the company’s legal department noted.
Better Collective offers a range of editorial content, bookmaker information, data insights, betting tips, iGaming communities and educational tools. Its portfolio of platforms includes bettingexpert.com, VegasInsider.com, HLTV.org and Action Network. Better Collective is headquartered in Copenhagen, Denmark, and listed on Nasdaq Stockholm.
