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Highlights
BETR Entertainment (BETR) lodges application to quote additional securities on ASX
Application relates to deferred settlement shares and performance rights
Securities to be listed under existing quotation arrangements pending ASX confirmation
BETR Entertainment (ASX:BETR), operating within the entertainment and digital media sector, has submitted a formal request for quotation of additional securities on the ASX 50. The application was lodged in accordance with ASX listing rules and relates to specific classes of equity instruments already subject to prior corporate announcements.
Application for Deferred Settlement Securities
BETR Entertainment has initiated the process to list new ordinary shares issued under deferred settlement arrangements. These equity instruments were issued as part of recent corporate developments previously outlined by the company. The deferred settlement status means these shares are subject to specific timeline and settlement parameters as per ASX protocols.
This process aligns with standard procedures for entities seeking to expand listed securities while maintaining regulatory compliance under the ASX guidelines.
Performance Rights and Listing Scope
The company’s application also includes a request for the quotation of performance rights. These rights represent equity-based instruments typically issued to employees or partners, subject to specific vesting conditions. While not yet converted into ordinary shares, these instruments may form part of BETR Entertainment’s capital structure if performance milestones are met.
The inclusion of these rights in the quotation request reflects the broader scope of equity securities subject to formal listing requirements under the ASX framework.
Quotation Timeline and ASX Confirmation
ASX review processes are required before new securities are formally admitted to quotation. BETR Entertainment awaits confirmation from the exchange regarding the timing and terms of quotation. Upon approval, the new securities are expected to trade under the same code (ASX:BETR), consistent with existing shares already on the market.
All necessary disclosures and documentation have been submitted as part of the application process, in accordance with ASX listing rule obligations.
Capital Management and Compliance
The quotation request forms part of BETR Entertainment’s broader capital management activities, aligning with prior approvals and shareholder communications. By seeking quotation of additional securities, the company ensures that any new instruments issued remain visible and tradable within the official list of the ASX.
This approach supports transparency across the company’s capital structure and satisfies listing compliance standards relevant to all listed entities.
Corporate Context and Sector Activity
BETR Entertainment operates within a dynamic sector that includes digital media, entertainment services, and related technology platforms. As the company navigates corporate activity involving equity issuance and regulatory filing, market participants observe updates related to securities and structural changes within the ASX listing environment.
