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Better Collective's board to issue new shares as part of purchase price of Ribacka Group.

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NORDIC BUSINESS REPORT-May 10, 2019-Better Collective's board to issue new shares as part of purchase price of Ribacka Group

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Better Collective A/S (STO:BETCO), a developer of digital platforms for betting tips, bookmaker information and iGaming communities, announced on Thursday the resolution by its board of directors to issue 896,727 new ordinary shares in Better Collective A/S, equal to shares with a nominal value of EUR8,967.27.

This issue is under the authorisation granted to the board of directors of Better Collective at the company's annual general meeting on 25 April 2019.

The board has decided to settle part of the purchase price for the acquisition of Ribacka Group by way of issuing new ordinary shares.

These new shares have been subscribed for by the sellers of Ribacka Group at a price per share of EUR6.6910 calculated on the basis of the volume weighted average share price of the company's shares (as traded on Nasdaq Stockholm) during the period from and including 16 April 2019 to and including 3 May...

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