Gaming Innovation Group: Ex date

Rhea-AI Summary

Gaming Innovation Group Inc. (GiG) announced key dates for its restructuring process, which involves dividing the company into GiG Media and GiG Platform. GiG Platform will be spun off as an independent public company. On September 23, 2024, a special shareholders' meeting resolved to complete the spinoff. As of September 24, 2024, GiG shares will trade ex-rights to receive Norwegian Depository Receipts (NDRs) on Oslo Børs (Ticker: GIG) and Swedish Depository Receipts (SDRs) on Nasdaq Stockholm (Ticker: GIGSEK). This information is disclosed in compliance with Euronext Oslo Børs' Rule Book II and the Norwegian Securities Trading Act.

Positive

• GiG is restructuring into two separate entities, potentially creating value for shareholders
• The spinoff of GiG Platform as an independent public company has been approved by shareholders

Negative

• None.

ST JULIANS, Malta, Sept. 24, 2024 /PRNewswire/ -- Reference is made to the announcement from Gaming Innovation Group Inc. ("GiG" or the "Company") on 12 September 2024 regarding key dates in connection with 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"). Further reference is made to the announcement on 23 September 2024 regarding the special meeting of shareholders held that day on which the Company resolved to complete the Spinoff.

The shares in GiG will be traded on Oslo Børs (Ticker: GIG) ex the rights to receive Norwegian Depository Receipts (NDRs) as of today, 24 September 2024. The same applies to shares trading on Nasdaq Stockholm (Ticker: GIGSEK) as regards the right to receive Swedish Depository Receipts (SDRs).

This information is given pursuant to Euronext Oslo Børs' Rule Book II section 4.8.4.3, cf. section 4.2.5.3 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact: 
Tore Formo, Group CFO, tore@gig.com, +47 916 68 678

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing 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 the ticker symbol GIGSEK. www.gig.com  

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View original content:https://www.prnewswire.com/news-releases/gaming-innovation-group-ex-date-302256697.html

SOURCE Gaming Innovation Group

FAQ

When will GiG shares trade ex-rights for the spinoff of GiG Platform?

GiG shares will trade ex-rights to receive Norwegian Depository Receipts (NDRs) and Swedish Depository Receipts (SDRs) for the GiG Platform spinoff as of September 24, 2024.

What are the tickers for GiG shares on Oslo Børs and Nasdaq Stockholm?

GiG shares trade under the ticker GIG on Oslo Børs and GIGSEK on Nasdaq Stockholm.

What was the outcome of GiG's special shareholders' meeting on September 23, 2024?

The special shareholders' meeting on September 23, 2024, resolved to complete the spinoff of GiG Platform as an independent public company.

How is Gaming Innovation Group (GIGI) restructuring its business?

Gaming Innovation Group is restructuring by dividing into two entities: GiG Media and GiG Platform, with GiG Platform being spun off as an independent public company.