Pegasus Entrepreneurs – Business combination with FL Entertainment approved at EGM

Pegasus Entrepreneurial Acquisition Company Europe BV


Entrepreneurial acquisition of Pegasus Company Europe B.V.

Business combination with FL Entertainment approved at EGM

First day of listing and trading on Euronext Amsterdam under the new name”FL Entertainment N.V.“expected 1st. July 2022

AMSTERDAM- 23rd June 2022 / Pegasus Entrepreneurial Acquisition Company Europe BV (“Pegas Contractors“) has obtained shareholder approval for a business combination (as defined below) with FL Entertainment at an extraordinary general meeting (“extraordinary general meeting of shareholders“) held today.

Subject to the fulfillment or waiver of the remaining termination conditions The business combination must be completed 30th June 2022 As a result, following the completion of the Business Combination, FL Entertainment NV (“Florida Entertainment“gold”FLE“), the world leader in independent content production and the fastest growing online sports betting platform in Europe thanks to the Banijay Group.one and Betclic Everest Group2 companies expected to be listed on Euronext Amsterdam 1st. July 2022.

Shareholder approval

100% of the votes cast at the Extraordinary General Meeting were cast in favor of the business combination with FL Entertainment (“Business combination“), which is well above the required approval threshold (e.g. 50%+1).

The EGM also formally approved and adopted other agenda items required to satisfy shareholder approval conditions under the business combination agreement entered into between Pegasus Entrepreneurs, FL Entertainment and Financière Lov on 10 October.th May 2022

These include the legal merger between Pegasus Entrepreneurs and FL Topco BV and the cancellation of Pegasus Common Shares, which must be redeemed by Pegasus Entrepreneurs pursuant to buyback agreements or outright if the buyback under buyback agreements is not (expected) completed before how the merger becomes effective.

The meeting also formally approved and adopted the remaining items for voting, including the adoption of the annual accounts for the 2021 financial year, the release of the members of the board of Pegasus Entrepreneurs in relation to the performance of their duties, and instructions for the accountants of Mazars. NV for an external audit of the Pegasus Entrepreneurs annual accounts for Fiscal Year 2022.

As a result, all items on the voting agenda were approved at the extraordinary general meeting. Voting results are available on the Pegasus Entrepreneurs website – https://www.pegasuseurope.com/investor-relations/peace – for more information.

Prospectus and Circular to Shareholders
More information about Pegasus Entrepreneurs and the IPO can be found in the prospectus from 10th December 2021, approved by the Dutch Financial Markets Authority, AFM. Further information on the proposed business combination with FL Entertainment can be found in the December 12 Shareholder Circular.th May 2022 All information is available on the Pegasus Entrepreneurs website: https://www.pegasuseurope.com/investor-relations/peace. In addition, in connection with the listing of FLE shares on Euronext Amsterdam, prospectus 1 is expected to be published.st. July 2022.

About FL Entertainment
FL Entertainment is a world leader in entertainment, led by Stéphane Courby, a 30-year entertainment pioneer and entrepreneur, and François Riahi. Through its divisions Banijay Group and Betclic Everest Group, FL Entertainment is a leader in attractive and fast growing market segments, being the largest independent content producer in the world and the fastest growing sports betting platform in Europe. Year ended 31st. In December 2021, Banijay and Betclic Everest Group recorded combined revenue and adjusted EBITDA of €3.5 billion and €609 million, respectively.

About Pegasus Entrepreneurs
Pegasus Entrepreneurs is a SPAC focused on enterprising European growth companies. Backed by serial entrepreneur Pierre Kuyleret, institutional sponsors Financière Agache and Tikehau Capital, and individual sponsors Diego De Giorgi and Jean Pierre Mustier, Pegasus Entrepreneurs successfully raised €210 million in gross proceeds from a share offering and was listed on Euronext Amsterdam (ticker code: PEACE and PEACW). we are 10th December 2021 Pegasus Entrepreneurs set its sights on a business combination with an entrepreneur-led company headquartered in Europe that has a track record of achieving high growth rates and a clear growth and value creation plan. tenth In May 2022, Pegasus Entrepreneurs and FL Entertainment NV entered into a definitive business combination agreement resulting in the listing of FL Entertainment on Euronext Amsterdam. By teaming up with FL Entertainment, he raised the largest PIPE for a European registered SPAC and delivered an extremely low redemption rate.

For more information visit: www.fl-entertainment.com or www.pegasuseurope.com/investor-relations/peace

Contacts MIR

Investor Relations: ir@pegasuseurope.com

Media Relations (FinElk): pegasus@finelk.eu

Robin Haddrill / Cornelia Schnepf: +44 7920 016 203 / +44 7387 108 998

General inquiries: info@pegasuseurope.com

Contact FL Entertainment

Image 7: Anne-France Mallier, tel.: +33 (0)1 53 70 74 70

Primaticcio: Olivier Labes: 06 79 11 49 71 – olivierlabesse@primate.comHugh Schmitt: 06 71 99 74 58 – Hugueschmitt@primate.com Thomas de Climens: 06 78 12 97 95 – thomasdeclimens@primate.com


This announcement is for informational purposes only. The information contained in this announcement is not intended to be complete or complete, and in particular does not contain all of the information that should be considered in relation to the proposed business combination between Pegasus Entrepreneurs and FL Entertainment pursuant to the business combination agreement between Pegasus Entrepreneurs, FL Topco BV and Financière Lov SAS (the “Business Combination”) and shall not form the basis for any investment or other decision in respect of a Business Combination. No person may rely for any purpose on the information contained in this announcement or on its accuracy, validity or completeness. Pegasus Entrepreneurs and FL Entertainment shall not be liable for any loss or damage of any nature arising from the use of the information provided, trust or actions based on it. This announcement does not and should not be construed as an offer to sell or an invitation to any offer to buy the common stock of Pegasus Entrepreneurs or FL Entertainment and does not constitute a recommendation to engage in any investment activity.

This announcement does not constitute a prospectus or a shareholder prospectus. Before making any votes or other investment decisions, the shareholders of Pegasus Entrepreneurs or FL Entertainment, and other interested parties, are advised to review the shareholder prospectus, all relevant EGM documentation (including the proposed articles of association for the Business Combination), Pegasus Entrepreneurs IPO Prospectus dated 10th December 2021 and FL Entertainment prospectus expected to be published 1st. July 2022 (when available) provided by Pegasus Entrepreneurs and FL Entertainment, respectively, as these materials will contain important information about Pegasus Entrepreneurs, FL Entertainment, and the business combination.

This announcement may include forward-looking statements based on Pegasus Entrepreneurs and FL Entertainment’s current expectations and projections regarding the Combination of Pegasus Entrepreneurs and FL Entertainment’s business, business, economy and other future conditions and speak only as of the date hereof. These forward-looking statements may be identified using forward-looking terminology, including the terms “believes”, “objectives”, “forecasts”, “continues”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, ” intends, “may”, “will” or “should” or, in each case, their negative or other variations or similar terminology, or by discussing strategy, plans, objectives, tasks, future events or intentions. Forward-looking statements can, and often do, differ materially from actual results. Any forward-looking statements reflect the current views of Pegasus Entrepreneurs and FL Entertainment with respect to future events and are subject to risks associated with future events and other risks, uncertainties and assumptions relating to Pegasus Entrepreneurs or FL Entertainment’s business, results of operations, financial condition, liquidity , perspective, growth or strategy. Forward-looking statements speak only as of the date they are made, and Pegasus Entrepreneurs and FL Entertainment undertake no obligation to update these forward-looking statements.

one Banijay along with its subsidiaries.
2 Betclic along with its subsidiaries including Bet-at-home.

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