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 a further update on the progress of its ongoing share buyback program.
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.
After purchasing 142,000 of its shares in the week of December 23 through 29, from December 30 to January 5, the company bought back an additional 68,907 shares: 22,000 on December 30, then 20,000 on January 3, another 20,000 on January 4, and 6,907 on January 5.
Through January 5, the share buyback program has accumulated 492,482 shares, the company reported Thursday.
Following the above purchases, Better Collective said it now holds 93,063 treasury shares, corresponding to 0.17% of the outstanding share capital of the company.
Purchases for an amount of up to €1.025m remain to be executed under the program, the company noted.
The company recently put out a Regulatory Release regarding the issuance of shares to satisfy part of purchase price for RotoGrinders Network, the company’s legal department noted.
In December, the company revealed a change in the number of shares and votes in the corporation due to various transactions during the month, including an issuance of new shares. 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.
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.
