Reference is made to the announcement published by Gaming Innovation Group Inc. on 14 February 2020 regarding divesting its B2C vertical to Betsson Group and the notices of Written Resolutions from Gaming Innovation Group Plc. to the bondholders relating to each of GIGLTD01 (ISIN NO0010787120) and GIGPLC02 (ISIN NO0010858400) published 14 February 2020.
The proposed resolutions were today adopted with the requisite majority, see attached notices from Nordic Trustee AS. The written resolutions approve to use the proceeds from the divestment to repay the 2017 – 2020 bond and to extend the repayment from the maturity date in March 2020 until 22 April 2020.
Expected completion of the divestment of the B2C vertical to Betsson is mid April 2020, due to the necessary time to finalize the ongoing compulsory regulatory approvals from merger control authorities.
About Gaming Innovation Group (GiG):
Gaming Innovation Group is a technology company providing solutions, 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 its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. 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