this was the initial note on feb 28:
Sydney, Australia, Feb 28, 2019 - (ABN Newswire) - The Board of The BetMakers
Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) (the "BetMakers" or the "Company")
advises that in November 2016 two of the shareholders ("Plaintiffs") of
Punters Show Pty Ltd ("Punters Show") commenced proceedings against the
BetMakers and others ("Defendants") alleging that the Defendants used their
connection with the Punters Show and use of its products as a means to
increase the value of the shares to be issued in the Betmakers on listing
without any financial reward to which the Plaintiffs allege they should have
been entitled ("Proceedings").
The Proceedings are currently before the Supreme Court of New South Wales. The
Plaintiffs are currently self-represented.
To date, the Court has awarded several costs orders to the Defendant in
respect of their costs associated with the Proceedings. Such costs will be
assessed and awarded to the Defendants at the conclusion of the Proceedings.
The Company disputes the Plaintiffs' claims in full and will be fully
defending the Proceedings.
The BetMakers will continue to update the market in respect of the Proceedings
in accordance with its continuous disclosure obligations.
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Price($) | Vol. | No. |
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