Gaming Innovation Group: Key dates for the Split of GiG
Reference is made to the announcement from Gaming Innovation Group Inc. ("GiG" or the "Company") on 4 September 2024 with the notice to a special meeting of shareholders to be held on 23 September 2024 with a proposal to, among other things, complete the restructuring process in which GiG will be divided in two, GiG Media and GiG Platform, whereby GiG Platform will be spun off to operate as an independent public company (the "Spinoff").
Subject to the proposal being approved by the general meeting, the Spinoff will be completed in the form of a distribution in kind in Euronext Securities Oslo (VPS) of one Norwegian Depositary Receipt (NDR) per share held in GiG. Each NDR will represent the beneficial interest in one share in GiG Software P.L.C., a Maltese company which will operate the GiG Platform business.
Key information for the Spinoff:
Last day of trading in the GiG share inclusive the right to receive NDRs: 23 September 2024
Ex-date: 24 September 2024
Record date: 25 September 2024
Distribution date: on or about 30 September 2024
Date of resolution: 23 September 2024
Ratio: one NDR per GiG share
ISIN no. for the NDRs: NO 0013326033
Investors holding GiG shares in Euroclear Sweden trading on NASDAQ Stockholm will receive one Swedish Depository Receipt (SDR) per share held in GiG. The ISIN no. for the SDRs is SE 0022760229.
Third-party analyses of GiG Media and GiG Platform indicate, on average, that GiG Platform may be valued at 14 percent of the total value of GiG before the Spinoff. Please note that these analyses were prepared for general distribution and not intended to be advisory and that they may not be indicative of the market capitalisation of GiG Platform once trading in the GiG Platform depository receipts commences at the NASDAQ First North Premier Growth Market in Stockholm.
This information is given pursuant to Euronext Oslo Børs' Rule Book II section 4.8.4.3, cf. section 4.2.5.2, and is subject to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.
For more information, please contact:
Tore Formo, Group CFO of GiG, tore@gig.com, +47 916 68 678
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company that provides solutions, products, and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry-leading platform, sportsbook and media provider delivering world-class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under GIGSEK. www.gig.com