GiG Software PLC has been approved for listing and publishes Company Description
Nasdaq Stockholm AB (“Nasdaq Stockholm”) has today approved, subject to satisfaction of customary conditions no later than the first day of trading, GiG Software PLC’s (“GiG Software” or the “Company”) application for listing of the Company’s Swedish Depositary Receipts (the “SDRs”) on Nasdaq First North Premier Growth Market (“Nasdaq First North Premier”). The first day of trading on Nasdaq First North Premier has been set to 1 October 2024. GiG Software has prepared a Company Description prior to the listing, which is available (in English) on the Company’s website, www.gig.com.
On 23 September 2024, the Special Meeting of Shareholders in Gaming Innovation Group Inc. (“GiG”) resolved, in accordance with the board of directors’ proposal, to approve the restructuring process through which the GiG Platform business will be spun off to operate as an independent public company (the “Spin-off”), GiG Software PLC (“GiG Software”).
To execute the Spin-off, GiG Software has issued a number of shares equivalent to the outstanding number of shares issued by GiG. These shares have been deposited with Equro Issuer Services AS, who holds the shares in the capacity of depository bank, and who in turn have issued an equal number of Norwegian Depository Receipts (“NDRs”) to GiG. Equro Issuer Services AS has, on behalf of GiG, transferred the NDRs, through a non-cash special dividend, to (i) the shareholders holding shares listed on Oslo Børs in a number equivalent to the number of shares in GiG held by such shareholders on 25 September 2024, the record date for the Spin-off, and (ii) Pareto Securities AB in a number equivalent to the number of shares in GiG held by shareholders holding shares listed on Nasdaq Stockholm through a non-cash special dividend. Those shareholders that held shares in GiG listed on Nasdaq Stockholm has received a corresponding number of Swedish Depository Receipts (“SDRs”) by Pareto Securities AB who is acting as depository bank in Sweden and issuer of the SDRs. The SDRs have been issued on a back-to-back basis with the NDRs. A shareholder has effectively received one NDR or SDR in GiG Software PLC for each share held in GiG (the “Distribution”). Only shareholders that hold shares in GiG on the record date will be eligible for the Distribution.
The Company’s SDRs will be traded with the ticker symbol GiG SDB and ISIN code SE0022760229 on Nasdaq First North Premier on 1 October 2024.
The Company Description that has been prepared for the listing is available (in English) on the Company’s website, www.gig.com. The Company Description does not constitute a prospectus in accordance with Regulation (EU) 2017/1129 of the European Parliament and the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”), and has not been reviewed, registered or approved by the Swedish Financial Supervisory Authority (the “SFSA”) (Sw. Finansinspektionen). The Company Description does not contain an offer to subscribe for or otherwise acquire SDRs, shares or other financial instruments in the Company in Sweden or in any other jurisdiction.
Advisors
Pareto Securities AB is acting as the Company’s financial advisor and White & Case is acting as the legal advisor in connection with the listing on Nasdaq First North Premier.
The Company’s Certified Adviser is Carnegie Investment Bank AB.
Email: certifiedadviser@carnegie.se
Phone: +46 8-588 68 570
For further information, please contact:
Richard Carter, CEO Platform & Sportsbook – richard.carter@gig.com
Phil Richards, CFO Platform & Sportsbook – phil.richards@gig.com, +44 7789743288
About GiG Software
GiG Software is a B2B iGaming technology company that provides solutions, products, and services to iGaming Operators. GiG Software’s mission is to drive sustainable growth and profitability for its partners, with a focus on product innovation and scalable technology. GiG Software’s vision is “To lead the industry as a top platform provider.” GiG Software operates out of Malta. www.gig.com