Super Group Reminds Warrant Holders of Upcoming Deadline To Tender and Consent

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Dec 05, 2022

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC”, “Super Group” or the “Company”), a leading global online sports betting and gaming operator, today reminds holders of (i) the offer by the Company to exchange all of its outstanding public warrants to purchase ordinary shares of the company, no par value (“Ordinary Shares”), which warrants trade under the symbol “SGHC WS” on the New York Stock Exchange (“NYSE”) (the “public warrants”), at a rate of 0.25 Ordinary Shares per public warrant (the “Offer”) and (ii) the solicitation of consents to an amendment of the warrant agreement, dated as of October 6, 2020, by and between the Company (formerly Sports Entertainment Acquisition Corp.) and Continental Stock Transfer & Trust Company, which governs all of the public warrants and all of the related private placement warrants to purchase Ordinary Shares (the “private placement warrants” and, together with the public warrants, the “warrants”) (the “Warrant Agreement”) to permit the Company to (A) require that each outstanding public warrant upon the closing of the Offer be converted into 0.225 Ordinary Shares (a ratio 10% less than the exchange ratio applicable to the Offer) and (B) instruct the warrant agent to cancel each outstanding private placement warrant for no consideration (such amendment, the “Warrant Amendment,” and such solicitation of consents, the “Consent Solicitation”).