Today: September 24, 2018, 9:47 am

Major shareholder announcement and process surrounding obligation to submit mandatory tender offer 2018-06-13 15:01:01

With reference to company announcement no. 3/2018, 8 June 2018 regarding Bumble Ventures majority shareholding in Better Collective A/S (Danish company registration number 27652913) (the ”Company”) hereby announces that it has received the following notification according to the Danish Capital Markets Act section 38 regarding the existing direct and indirect major shareholders’ holding of shares in the Company. The information contained in this press release is based on a share capital of the Company amounting to 38,660,939 shares, each with a nominal value of EUR 0,01.

Bumble Ventures A/S (Danish company registration number 34721211) has today increased its shareholding in the Company with 11,111,111 shares in the Company due to a redelivery of lent shares from Nordea Danmark, Filial af Nordea Bank Ab (Publ), Sverige as part of the lending arrangements described in company announcement no. 3/2018.

Following the above mentioned redelivery of lent shares, Bumble Ventures A/S directly and indirectly through Better Partners ApS holds 23,223,809 shares in the Company, each with a nominal value of EUR 0,01, corresponding to approximately 60.07 per cent of the total outstanding share capital and the voting rights of the Company.

Further, Bumble Ventures A/S has informed the Company that the redelivery of lent shares has resulted in Bumble Ventures increasing its shareholding to more than 1/3 of the total number of voting rights in the Company thereby triggering an obligation for Bumble Ventures A/S to submit a mandatory take-over offer for all shares in the Company in accordance with the Danish Capital Markets Act section 45. Reference is made to page 121 of the Company’s prospectus published 28 May 2018.

As a result hereof, Bumble Ventures A/S has today on behalf of itself and Better Partners ApS requested the Danish Financial Supervisory Authority (in Danish “Finanstilsynet”) for an exemption from the obligation to submit a mandatory take-over offer.

Bumble Ventures A/S is the joint holding company of Jesper Søgaard and Christian Kirk Rasmussen who are the CEO and COO, respectively, of the Company. Jesper Søgaard and Christian Kirk Rasmussen each hold 50% of the total share capital and the total voting rights of Bumble Ventures A/S through their respective holding companies Chr. Dam Holding ApS (Danish company registration number 27652751) and J. Søgaard Holding ApS (Danish company registration number 27652581).

Better Partners ApS (Danish company registration number 34722129) is a subsidiary of Bumble Ventures A/S through its ownership of 80% of the total share capital and voting rights in Better Partners ApS.


This information is such information as Better Collective A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 9.00 a.m. CET on June 8, 2018.

Flemming Pedersen
CFO of Better Collective

CFO:                                 Flemming Pedersen               +45 2148 0118
Investor Relations:           Christina Bastius Thomsen     +45 2363 8844

About Better Collective
Better Collective’s vision is to empower iGamers through transparency and technology – this is what has made them the world’s leading developer of digital platforms for betting tips, bookmaker information and iGaming communities. Better Collective’s portfolio includes more than 2,000+ websites and products. This includes, the trusted home of tips from expert tipsters and in depth betting theory, and SmartBets, the odds comparison platform made personal.


# 762 Words
Related Articles
More From The Author
Presagis Launches New Modeling and Simulation Software [..]
MONTREAL, June 13, 2018 (GLOBE NEWSWIRE) -- Presagis(TM) today released the newest version of its modeling and simulation (M&S) [..]
Siluria Technologies and Saudi Aramco Technologies Company [..]
SAN FRANCISCO, June 13, 2018 (GLOBE NEWSWIRE) -- Saudi Aramco Technologies Company, a subsidiary of the world's largest oil [..]
Biogen Enhances Commitment to SMA Research with [..]
Research includes clinical trial data across broad SMA patient populations, expanding scientific understanding of SMA and SPINRAZA® [..]
Publicis.Sapient and European DataWarehouse to Build Securitisation [..]
Publicis.Sapient : ED is the designated European repository for loan-level data stemming from Asset Backed Securities (ABS). It [..]
Inspirata Acquires Health Analytics Company, Caradigm; Plans [..]
Inspirata will continue to evolve Caradigm's population health management solutions and support existing customers, and [..]
More From Business
Hurricane Damages Creating Extraordinary Demand for Heavy [..]
The effects of Hurricane Florence have been wide and far reaching, with 37 deaths and billions of dollars in damages [..]
Over 2,900 Took Part in 'In Style [..]
HONG KONG, Sept 21, 2018 - (ACN Newswire) - Major events under the "In Style, Hong Kong" mega promotion in [..]
RetailEX ASEAN 2018 Returns Bigger and Better
Brand-new zones, content rich conferences and cutting-edge retail technology innovation and solutions featured during the three-day [..]
Singapore's Senior Minister of State for Trade [..]
SINGAPORE, Sept 21, 2018 - (ACN Newswire) - Asian Downstream Summit is the anchor oil and gas event during Singapore [..]
Vanwise and Carwise Group Scoop Dealer Award
Vanwise & Carwise Group has won the prestigious award by CarGurus as ‘Top Rated Dealer 2018’ ● Dealer scoops prestigious [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.