Gaming Innovation Group Inc. (‘GiG’) has today issued 70,000 new shares of its common stock in connection with exercises of options.
Gaming Innovation Group Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued.
The Company’s share capital has increased from USD 90,005,626 to USD 90,075,626 and the number of outstanding shares has increased from 90,005,626 to 90,075,626 (par value USD 1.00). The new shares are issued by the board of directors under the Company’s 100,000,000 authorized shares.
In 2019 and 2020, employees in GiG exercised options to buy 70,000 shares, and GiG borrowed shares for the immediate transfer of shares to the optionees. The new shares will be transferred back to the lender.
Protocol Ventures AB, a company owned by Petter Nylander, Chairman of the board and primary insider of Gaming Innovation Group Inc. (GiG), has today purchased 36,500 shares in GiG at a price of SEK 11,17 per share. After this transaction, close associates of Petter Nylander owns 98,000 shares in GIG.
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 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