PointsBet shareholders approve MIXI takeover deal
PointsBet Holdings said shareholders voted in favor of the scheme of arrangement for Japanese consumer technology firm MIXI’s unit, MIXI Australia, to acquire all shares of the company on issue.
The company refuted claims made by Betr Entertainment Limited regarding the exclusion of their vote, clarifying that Betr had revoked its proxy and did not vote. The outcome of the meeting was verified by Computershare, and PointsBet is set to proceed to the next legal step in the process.
Betr Entertainment has claimed its vote was “impermissibly excluded” from PointsBet’s shareholder vote on its proposed $402 million takeover by Japanese gaming group MIXI this morning.
Betr which holds a 19.9% voting power in PointsBet — said it validly lodged its proxy vote against the resolution and “did not, at any time, revoke that proxy”.
Betr said it expects the chair of the meeting to “immediately conduct a recount of the vote and include the Betr proxy vote in full.”
The total number of votes on the resolution was about 78% were in favor of the scheme, the filing said.