GiG to list its share on NASDAQ Stockholm
13 March 2019
(PRESS RELEASE) -- Gaming Innovation Group Inc. (GiG), a technology company providing products and services throughout the entire value chain in the iGaming industry, today announces it will list its share on NASDAQ Stockholm with the first day of trading planned for Tuesday 26 March 2019. NASDAQ Stockholm has assessed that GiG fulfills the listing requirements, subject to customary conditions and formal approval from NASDAQ Stockholm. No new shares will be issued in connection with the listing.
GiG is currently listed on Oslo Børs and following completion of the listing on NASDAQ Stockholm, the GiG share will be dual-listed and traded on both exchanges until further notice, carrying the same ISIN code on both exchanges: US36467X2062. The ticker code for the GiG share on Oslo Børs remains: “GIG”, the ticker code for the GiG share traded on NASDAQ Stockholm will be: “GIGSEK”.
CEO of GiG Robin Reed says, “GiG is delighted to announce our intention to list on NASDAQ Stockholm, and that NASDAQ Stockholm has assessed that our company fulfills the listing requirements. Stockholm is the hub and center of excellence for the iGaming industry, and this will put the company closer to its peer group with increased visibility in the market. We have many shareholders in Sweden and look forward to welcoming existing and new shareholders to join us on NASDAQ Stockholm.”
Existing shareholders who wish to trade the GiG share on NASDAQ Stockholm are advised to contact their bank/broker or custody account holder for more detailed information regarding the transfer, including any potential costs involved for the shareholder.
Existing shareholders who would like to keep their shares with the Norwegian VPS and trade on Oslo Børs do not need to take any action at this stage. New shareholders are welcome to trade the GiG share on both exchanges.
Shares in GiG currently maintained in VPS (the Norwegian central securities depository) and traded on Oslo Børs, will need to be transferred to Euroclear Sweden (the Swedish central securities depository) in order to be available for trading on NASDAQ Stockholm. For the shares to be available for the first day of trading on Nasdaq Stockholm on 26 March 2019, existing shareholders need to complete the cross-border transfer of the shares from VPS to Euroclear Sweden before this date. Shares can be transferred and registered with Euroclear Sweden from today.