PointsBet Holdings refers to the proposal put forward by Betr Entertainment Limited (Betr) on 29 April 2025 to acquire PointsBet for cash and scrip Betr proposal.

PointsBet also refers to the PointsBet Board-recommended and agreed acquisition of 100% of the issued share capital of PointsBet by MIXI, Inc (MIXI) through its wholly owned subsidiary MIXI Australia Pty Ltd (MIXI Australia) by way of a scheme of arrangement for $1.20 cash per PointsBet share (MIXI Scheme).

Today, PointsBet announced the entry into a Bid Implementation Deed with MIXI and MIXI Australia pursuant to which MIXI Australia has agreed to make an off-market takeover bid for all of the issued share capital of PointsBet at $1.20 cash per PointsBet share conditional on the MIXI Scheme not proceeding (MIXI Takeover Offer).

Under the terms of the BID, MIXI Australia will announce its intention to make the MIXI. Takeover Offer within 3 business days of the Scheme Meeting, if the resolution to approve the MIXI Scheme is not passed by the requisite majorities of PointsBet shareholders.

As previously announced on 12 May 2025 and 3 June 2025, PointsBet has been in a period
of staged mutual due diligence with Betr in order to assess the Betr Proposal.