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OFFON

GAMING INNOVATION GROUP INC.

(GIG)
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Gaming Innovation : Issue of new shares

05/28/2021 | 03:56am EDT

Gaming Innovation Group Inc. has today issued 6,600,000 new shares of its common stock in connection with the conversion of the EUR 8.5 million convertible loan entered into in December 2020, see announcement from 20 May 2021.

Gaming Innovation Group Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The Company's share capital has increased from USD 90,075,626 to USD 96,675,626 and the number of outstanding shares has increased from 90,075,626 to 96,675,626 (par value USD 1.00). The new shares are issued by the board of directors under the Company's 110,000,000 authorized shares. 

For further information, please contact:
Tore Formo, Group CFO, tore@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---issue-of-new-shares,c3356082

https://mb.cision.com/Main/15972/3356082/1424233.pdf

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

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Financials
Sales 2021 77,8 M 92,4 M 92,4 M
Net income 2021 2,00 M 2,38 M 2,38 M
Net Debt 2021 21,0 M 24,9 M 24,9 M
P/E ratio 2021 53,1x
Yield 2021 -
Capitalization 154 M 183 M 183 M
EV / Sales 2021 2,25x
EV / Sales 2022 1,91x
Nbr of Employees 430
Free-Float 56,0%
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Mean consensus -
Number of Analysts 1
Last Close Price 16,52 
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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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