Playmaker Capital Inc. the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, is pleased to announce that it has received approval from the Minister of Canadian Heritage under the Investment Canada Act (the “Heritage Approval”) with respect to its previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”), pursuant to which Better Collective A/S (“Better Collective”) has agreed to acquire all of Playmaker’s issued and outstanding common shares.

Playmaker is also pleased to announce that the Ontario Superior Court (Commercial List) issued a final order approving the Arrangement on January 24, 2024 (the “Final Order”).

Following receipt of Heritage Approval and the Final Order, all conditions to closing of the Arrangement, as contained in the arrangement agreement between Playmaker and Better Collective dated November 6, 2023, as amended on December 8, 2023 (the “Arrangement Agreement”) have been satisfied or waived, save for those conditions to be satisfied as part of the closing process. The Arrangement is expected to close on February 6, 2024.

 

Source:businesswire.com

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