FansUnite's Shareholders Approve Sale Transaction, Distribution and Voluntary Delisting
FansUnite's Shareholders Approve Sale Transaction, Distribution and Voluntary Delisting
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that, further to its new release dated June 27, 2024 in respect of the proposed sale (the "Sale Transaction") of all of the issued and outstanding shares of FansUnite US Inc. ("FansUS") to Hero Group Corp. (the "Purchaser"), the Company's shareholders have approved the special resolution required for completion of the Sale Transaction, the special resolution required for the Distribution (as described below) and the ordinary resolution required for the Voluntary Delisting (as described below) at the Company's special meeting of shareholders (the "Meeting") held on August 13, 2024. The total number of shares represented in person or by proxy at the Meeting was 181,685,741 representing 50.53% of the total issued and outstanding common shares (the "Common Shares") in the capital of the Company as at July 4, 2024.
Newsfile Corp.于2024年8月13日发布文告称,FansUnite Entertainment Inc.(TSX:FANS)(OTCQB:FUNFF)(以下简称“FansUnite”或“公司”)已获得股东的批准,后者根据第一次发布的2024年6月27日的新情况将旗下的FansUnite US Inc.(“FansUS”)的全部已发行和流通股份售予Hero Group Corp.(“购买者”)(以下简称“销售交易”)。股东批准了完成出售交易所需的特别决议,分销所需的特别决议以及普通决议(公司特别股东大会在2024年8月13日举行)。会议上,到场或委托代理的代表代表的股份数量为181,685,741股,占截至2024年7月4日公司已发行和流通普通股总数(以下简称“普通股”)的50.53%。
Detailed voting results for the Meeting were filed under the Company's SEDAR+ profile at on August 13, 2024.
会议的详细投票结果已于2024年8月13日在公司的SEDAR+资料档案下提交。
As previously announced, the Company, FansUS, the Purchaser and GeoComply Solutions Inc. entered into a stock purchase agreement dated June 27, 2024 (the "Stock Purchase Agreement") pursuant to which the Company agreed to sell all of the issued and outstanding shares of FansUS, a wholly-owned subsidiary of the Company that carries on its Betting Hero business, to the Purchaser for a total purchase price of US$37.5 million, adjusted on a cash-free, debt-free basis.
如前所述,公司、FansUS、购买方和GeoComply Solutions Inc.已于2024年6月27日签订了一份股票购买协议(以下简称“股票购买协议”)。根据该协议,公司同意将旗下全资子公司FansUS的全部已发行和流通股份出售给购买方,FansUS开展着其Betting Hero业务,出售价格为现金净额、无债务的基础上的总价值为3750万美元。
Assuming that the conditions to closing are satisfied or waived, it is currently expected that the Sale Transaction will be completed on or about August 15, 2024. If the Sale Transaction is completed, the Company expects to voluntarily delist its Common Shares from the Toronto Stock Exchange (the "Voluntary Delisting") on or about August 21, 2024.
假设交割条件获得满足或解除,销售交易预计将于2024年8月15日前后完成。如交易完成,公司预计于2024年8月21日前后自愿将其普通股(Canada TSX 交易所)从交易所除牌(Voluntary Delisting)。
Pursuant to the terms of the Stock Purchase Agreement, the Company has agreed to distribute 90% of the net proceeds of the Sale Transaction (after payment or discharge of certain obligations and liabilities of the Company, including those associated with the Sale Transaction or otherwise) to the holders Common Shares, subject to applicable solvency and other legal or contractual requirements, as a return of capital on the Common Shares (the "Distribution") equal to approximately C$0.065 to C$0.075 per Common Share.
根据股票购买协议的条款,公司同意将销售交易的(在支付或解除公司的某些义务和负债(包括与销售交易或其他方面相关的义务和负债)后的)纯收益的90%分配给普通股的股东,作为普通股的资本回报(分配)依照适用的偿债能力和其他法律或合同要求,每股普通股的分配额约为0.065至0.075加元。
If the Sale Transaction is completed, the Company expects the record date for the Distribution will be at the end of business on August 26, 2024 in order to allow trades to settle following the Voluntary Delisting date and the payment date to be on or about August 29, 2024. As a result, only shareholders of record on the Voluntary Delisting date will be entitled to the Distribution.
如交易完成,公司预计分配的记录日期将于2024年8月26日营业结束时,以便于在自愿撤牌日和支付日(预计为2024年8月29日或前后)之后处理交易。因此,只有股权自愿撤牌日起记录的股东才有权获得分配。
Key dates for the Sale Transaction, Voluntary Delisting and Distribution are expected to be:
销售交易,自愿除牌和分配的关键日期预计为:
Closing of Sale Transaction: | August 15, 2024 |
Voluntary Delisting Date: | August 21, 2024 |
Distribution Record Date: | August 26, 2024 |
Distribution Payment Date: | August 29, 2024 |
销售交易完成日期: | 2024年8月15日 |
自愿除牌日期: | 2024年8月21日 |
分配记录日期: | 2024年8月26日 |
分配支付日期: | 2024年8月29日 |
The terms of the Sale Transaction, the Distribution and the Voluntary Delisting as well as the Stock Purchase Agreement are further described in the Company's management information circular dated July 5, 2024 and related materials for the Meeting, all of which are available under FansUnite's profile on SEDAR+ at .
销售交易、分配、自愿除牌以及股票购买协议的条款在公司于2024年7月5日发布的管理信息循环和有关会议的相关资料中有更详细的描述,所有这些资料都可在FansUnite的SEDAR+资料档案下获取。 .
ABOUT FANSUNITE ENTERTAINMENT INC.
关于FANSUNITE ENTERTAINMENT INC.
FansUnite is a global sports entertainment and gaming company. Our business is focused on the regulated and lawful sports betting affiliate market which includes customer acquisition, retention, support and reactivation. FansUnite has established itself as a leader in the North American affiliate market through its subsidiary American Affiliate. American Affiliate is a North American omni-channel customer acquisition company, covering both retail and digital customer activation for sportsbooks, casinos, poker and fantasy sports platforms.
FansUnite是一家全球体育娱乐和游戏公司。我们的业务专注于受监管和合法的体育博彩联盟市场,包括客户获取、保留、支持和再激活。 FansUnite透过其子公司American Affiliate在北美子公司中树立了领先地位。 American Affiliate是一家北美全渠道客户获取公司,为sportsbooks、casinos、扑克和fantasy sports平台提供零售和数字的客户获取。
FORWARD-LOOKING STATEMENTS
前瞻性声明
This news release contains "forward-looking information" which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. Such forward-looking information includes, among other things, information regarding: the Company's expectations regarding its ability to complete, and the anticipated results of, the Sale Transaction, the Voluntary Delisting, the anticipated Distribution of approximately C$0.065 to C$0.075 per Common Share, and the parties' ability to satisfy closing conditions and receive necessary approvals and the anticipated timing for completion of the Sale Transaction, the Voluntary Delisting and the Distribution. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on assumptions management considers reasonable, there can be no assurance: (i) that the Sale Transaction will be completed; (ii) if the Sale Transaction is completed, that it will be completed on the terms described above; (iii) that the Company will voluntarily delist its Common Shares from the TSX; (iv) that the proposed Distribution will be made; or (v) if the proposed Distribution is made, as to the amount or terms of such Distribution.
本新闻发布包含“前瞻性信息”,可能包括但不限于公司预计或预判将要或可能发生的活动、事件或进展情况。这样的前瞻性信息通常是通过使用“计划”、“预计”、“预料”、“预算”、“安排”、“预估”、“预测”、“打算”、“反映”或“认为”等词语和短语(包括负面词语和短语的变化)或表明某些行动、事件或结果“可能”、“可能会”、“可能”、“可能会”、“可能会”、“可能会”或“将要”被执行、发生或实现。这类前瞻性信息包括但不限于公司对于销售交易、自愿除牌,预计分配每股普通股约0.065至0.075加元以及参与方能够满足交割条件并获得必要的批准以及完成交割、自愿除牌和分配的预计时间等的信息。通常在得出前瞻性信息的结论或进行预测或预测时,都采用各种假设或因素。这些假设和因素基于目前公司已经获得的信息。尽管这些声明是基于管理层认为合理的假设,但不能保证:(i)销售交易将完成;(ii)如果销售交易完成,将按上述条款完成;(iii)公司会自愿从TSX撤牌;(iv)拟议的分配将作出;或(v)如果拟议的分配作出,就分配的数额或条款而言。本新闻发布中包含的前瞻性信息是基于某些因素和假设的,其中包括关于获得所有必要的监管批准和满足销售交易、自愿除牌、分配和其他类似事项的其他条件的假设。虽然公司认为这些假设是合理的,但它们可能被证明是不正确的。前瞻性信息可能涉及已知和未知的风险、不确定性和其他风险因素,这些风险因素可能导致实际结果、表现或成就与前瞻性信息所预示的未来结果、表现或成就存在的显著差异。这些风险包括但不限于销售交易未能按预期时间完成,或根本未能完成;相关方面的竞争加剧和当前全球金融状况;供应和供应风险;对关键人员的依赖;运营风险;监管风险;资本和流动性风险;可能发生能够引起股票购买协议终止的任何事件、变化或其他情况的风险;销售交易的结束条件可能无法满足,与拟议的销售交易相关的潜在法律诉讼,以及拟议销售交易及其结果的法律诉讼结果等各种风险。尽管公司已经着手确定可能导致实际结果与前瞻性信息所预示的未来结果显著不同的重要因素,但还可能存在导致结果不如预期、估计或意图的因素。因此,读者不应过度依赖前瞻性信息。公司在法律法规要求的情况下除外,不承担更新这些前瞻性信息的义务。
Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of all necessary regulatory approvals and satisfaction of other conditions to the completion of the Sale Transaction, the Voluntary Delisting, the Distribution, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks that the Sale Transaction does not close on the anticipated timeline, or at all, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, capitalization and liquidity risks, the occurrence of any event, change or other circumstances that could give rise to the termination of the Stock Purchase Agreement, risks that a closing condition to the Sale Transaction may not be satisfied, risks relating to the potential failure to receive all requisite regulatory approvals, and potential legal proceedings relating to the proposed Sale Transaction and the outcome of any such legal proceeding. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
销售交易、自愿除牌和分配必须获得所需的监管批准。不能保证销售交易、自愿除牌和分配按照拟议的方式完成。销售交易可能会被修改、重组或终止。投资者应该注意到,除了在循环和股票购买协议本身披露的信息(每一份都将在公司的profile档案下存档),关于销售交易、公司自愿撤牌以及分配的任何发布或接收到的信息可能不准确或不完整,不能依赖它们。
The Sale Transaction, the Voluntary Delisting, and the Distribution cannot be completed until the required regulatory approvals are obtained. There can be no assurance that the Sale Transaction, the Voluntary Delisting and the Distribution will be completed as proposed or at all. The Sale Transaction could be modified, restructured or terminated. Investors are cautioned that, except as disclosed in the Circular and in the Stock Purchase Agreement itself, copies of each of which are or will be filed under the Company's profile at , any information released or received with respect to the Sale Transaction, the voluntary delisting from the TSX and the Distribution may not be accurate or complete and should not be relied upon.
有关进一步信息,请与FansUnite的股东沟通顾问联系:
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
TSX未审核本新闻稿内容的充分性和准确性,也不承担任何责任。
For further information, please contact FansUnite's Shareholder Communications Advisor:
如需进一步了解,请联系FansUnite的股东通讯顾问:
Laurel Hill Advisory Group
North American Toll-Free: 1-877-452-7184
Calls Outside North America: 1-416-304-0211
Email: assistance@laurelhill.com
Laurel Hill Advisory Group
北美免费电话:1-877-452-7184
北美之外的电话:1-416-304-0211
电子邮件:assistance@laurelhill.com