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OFFON

GAMING INNOVATION GROUP INC.

(GIG)
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Gaming Innovation : Annual Meeting of Shareholders

05/20/2021 | 05:58am EDT

The Annual Meeting of Shareholders in Gaming Innovation Group Inc. was held today, Tuesday 20 May 2021 in Stockholm, Sweden. Shareholders representing 43.25 % of the shares entitled to vote were present in person or by proxy. 

The Annual Meeting approved the Company's Annual Report for 2020. 

The Annual Meeting resolved that the Board of Directors should consist of six members and resolved to re-elect Petter Nylander as Chairman of the Board and to re-elect Henrik Persson Ekdahl, Helge Nielsen, Nicolas Adlercreutz and Kjetil Garstad and to elect Kathryn Moore Baker as Directors of the Board. It was further resolved that the remuneration to the Chairman of the Board of Directors shall be EUR 76,500 per annum and that the remuneration to the other members of the Board of Directors shall be EUR 36,000 per annum each. The remuneration to the audit committee shall be EUR 10,000 to the chairman and EUR 5,000 to the audit committee members, and for the remuneration committee, EUR 5,000 to the chairman and EUR 2,500 to the remuneration committee members.

The Annual Meeting further resolved that the Nomination Committee shall consist of not less than three and not more than four members, to represent all shareholders, and be appointed by the three largest shareholders as at 31 August 2021. 

The Annual Meeting further resolved to reappoint REID CPAs LLP as auditors of the Company. 

The Annual Meeting further resolved an amendment to the Company's Amended and Restated Certificate of Incorporation authorizing an increase in the number of shares of stock which the Company is authorized to issue from one hundred million (100,000,000) to one hundred and ten million (110,000,000).

The Annual Meeting also resolved to authorise the Board of Directors to buy back already issued and outstanding shares in the Company and to dispose of such shares, all on such terms as the Board of Directors may deem fit. The Company's total holding of its own shares may not exceed 10% of the outstanding share capital of the Company at any time. Acquisition of own shares may take place on NASDAQ Stockholm and Oslo Børs, during the period until the next Annual Meeting of Shareholders. 

Contact person: 
Petter Nylander, Chairman of the Board, +46 765250955, petter.nylander@gig.com

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 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



 

https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group---annual-meeting-of-shareholders,c3350617

https://mb.cision.com/Main/15972/3350617/1420227.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 82,0 M 97,3 M 97,3 M
Net income 2021 8,00 M 9,49 M 9,49 M
Net Debt 2021 19,0 M 22,5 M 22,5 M
P/E ratio 2021 18,3x
Yield 2021 -
Capitalization 159 M 188 M 189 M
EV / Sales 2021 2,17x
EV / Sales 2022 1,93x
Nbr of Employees 430
Free-Float 56,0%
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Last Close Price 17,22 
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Managers and Directors
Richard Brown Chief Executive Officer
Tore Formo Group Chief Financial Officer
Justin Psaila Chief Financial Officer
Johan Petter Erik Nylander Chairman
Chris Armes Chief Information Officer
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