Employees in Gaming Innovation Group Inc. (GiG) has exercised their options to buy a total of 70,000 shares in GIG, whereof 10,000 at a share price of NOK 13.00, 10,000 at a share price of NOK 15.00 and 50,000 at a share price of NOK 24.00.
GIG will borrow shares for the immediate transfer of the option shares to the employees, and will issue new shares later. The outstanding number of shares in GIG is 90,005,626 and when issuing the new shares for the option exercise, the outstanding number of shares will increase to 90,075,626.
In addition, 120,000 options have been cancelled due to employees leaving GiG and after the exercise, a total of 1,101,000 options are outstanding.
Richard Brown, COO and primary insider of Gaming Innovation Group Inc. (GIG), has today exercised 50,000 options to buy shares in GIG at a share price of NOK 24.00. After this exercise, Brown holds 100,000 shares in GIG and 50,000 options to buy shares in GIG. The new shares has 12 months lock-up.
For further information, contact:
Tore Formo, Group CFO, [email protected]
This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:30 CET on 27 February 2019.
About Gaming Innovation Group Inc. (GiG):
Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group's vision is 'To open up iGaming and make it fair and fun for all'. Through our ecosystem of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. GiG operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG. www.gig.com