Better Collective, a Nasdaq Stockholm-listed company, unveiled its plans for a second listing. As announced by the company, it plans to also list its shares on Nasdaq Copenhagen.

Providing a few insights into its intentions, Better Collective informed the public that the second listing would, if approved, occur during the final quarter of the year.

Better Collective noted that the dual listing is subject to the publication of an exemption document by the company, approval by Nasdaq Copenhagen, fulfillment of certain conditions and other market conditions.

The company also noted that no offering of shares will be carried out in relation to the dual listing. The total number of company shares will remain unaffected by the listing, Better Collective added.

A Natural Next Step

Representatives addressed the announcement, elaborating on the company’s intentions. Better Collective’s co-founder and chief executive officer, Jesper Søgaard, said that the dual listing in Denmark is “a natural next step” for the Danish-incorporated company.

Søgaard noted that Better Collective has been steadily growing since the Swedish IPO in 2018, generating a lot of shareholder value. At the same time, the company continues its efforts to become a leading digital sports media group.

Combined with the fact that we experience an increased interest in our company from both current and potential institutional investors in Denmark, we believe now is the right time to dual list in Denmark.

Jesper Søgaard, co-founder & CEO, Better Collective

Jens Bager, the company’s board chairman, also commented on the matter, also remarking on Better Collective’s recent growth. According to him, the company is in a stronger position than ever before.

The listing in Sweden five years ago contributed a lot to Better Collective’s journey to becoming the leading digital sports media group. The dual listing in Denmark where Better Collective is headquartered is the logical development.

The entire management team led by the founders of the company has managed to build a resilient business and not least a strong organization that will enable Better Collective to further elevate its footprint within the digital sports media world.

Jens Bager, chair, Better Collective

Bager concluded that the company hopes to attract the interest of notable Danish investors.

In other news, Better Collective recently decided to acquire Tipsbladet.dk in a $6.9 million deal.

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A non-compliance notice was handed down to NeoGames by NASDAQ, following the exit of the company’s chair of the Audit Committee and member of the Compensation Committee and Nominating and Corporate Governance Committee Lisbeth McNabb.

McNabb exiting – rather abruptly too – prompted the exchange to intervene and deemed the company non-compliant specifically because it lacked three members on its Audit Committee. McNabb himself left voluntarily and amicably, but NASDAQ still deemed it inappropriate.

The non-compliance notice though has not prompted any bigger change as the company had a grace period until October 18 to appoint a third member, which it now has. This is where Steve Capp has entered his role as an independent and non-executive director and the latest addition to the Audit Committee, and all other positions vacated by his predecessor.

Capp is also a heavyweight in the gambling industry, having served as chief financial officer at Bally’s Corporation in the past and holding the same role with Pinnacle Entertainment, two very well-established companies in the gaming space.

Compliance Restored as NeoGames Continues Business as Usual

Commenting on his appointment, NeoGames CEO Moti Malul said that the man makes a valuable addition to the board, adding:

Steve is a highly experienced executive who brings leadership, deep expertise, and professional experience to our board.

NeoGames CEO Moti Malul

His appointment does not happen in a vacuum either, as NeoGames has been actively looking or expand and strengthen its executive expertise. Previously, the company appointed Motti Gil who is going to replace Raviv Adler, the outgoing CFO, starting on July 31, 2023.

The restoration of a compliance status comes at an important time for the company as NeoGames is being acquired by Aristocrat, for a sum total of $1.20 billion. The plan is to see one of Aristocrat’s subsidiaries merge with NeoGames’ existing operations.

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