Disclosure of shareholding in Gaming Innovation Group Inc − completion of equity investment

1 April, 2022

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:
Ben Kay 
General Manager, Strategy & Capital Markets
DDI: +64 9 363 6067
E-mail: [email protected]

 


The B2B services, including GIG Core (online gaming platform), and GIG Sports (proprietary sportsbook), are licensed and regulated by the Malta Gaming Authority (licence number: MGA/CRP/330/2016 issued on the 1st August 2018) and the UK Gambling Commission (44073).

The licences are held by iGamingCloud Limited (Company Reg. No. C48466 of @GIG Beach, Triq id-Dragunara, St. Julians, STJ3148, Malta.)

©2019-2021 Gaming Innovation Group. All rights reserved | Company Registration Number: C44319