During December 2021, SkyCity Entertainment Group Limited (SkyCity) entered into a binding agreement with Gaming Innovation Group Inc (GiG) to provide €25 million of new equity to support the funding of its acquisition of Sportnco Gaming SAS (as announced by GiG to Oslo Børs and NASDAQ Stockholm on 22 December 2021 Central European time) (the Transaction).
Following confirmation of settlement of the Transaction earlier today, SkyCity confirms that it has completed its equity investment with the issue of 13,487,500 common shares in GiG (at a share price of 18.00 NOK) (New Shares). The New Shares correspond to around 11% of GiG's total issued capital. Consequently, SkyCity has crossed a 10% reportable threshold in the shares and voting rights in GiG requiring disclosure to Oslo Børs ASA. SkyCity confirms that it holds no additional rights to the shares or voting rights in GiG.
This notification is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.
For more information, please contact:
General Manager, Strategy & Capital Markets
DDI: +64 9 363 6067
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