Reference is made to the announcement from Gaming Innovation Group Inc. (GiG) on
15 December 2022 regarding the acquisition of casino affiliate websites
Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains from
Catena Media Plc.
As stated in the announcement, GiG will finance part of the initial
consideration through a share issue and the Board of Directors has approved
commitments of EUR 10.2 million from a group of investors to finance the equity
part of the acquisition. Pursuant to agreed terms, the share price has been set
to NOK 25.61, which represent a discount of 2.6% from the volume-weighted
average share price for the GiG share so far in 2023.
4,267,112 new shares will be issued, and the number of outstanding shares will
increase by 3.5%, from 122,786,526 to 127,053,638. The new shares are expected
to be issued and admitted to trading next week and will be issued under the
Company's 150,000,000 authorized shares.
Closing of the acquisition is expected by end of January 2023.
For more information:
Richard Brown, CEO GiG, email@example.com, +34 661599025
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
This information was distributed by Oslo Børs https://www.oslobors.no/