Brief: Gaming Innovation Group Says New Shares Have Been Issued To Former Shareholders Of Sportnco

Gentoo Media

26/05/2023 17:50

May 26 (Reuters) - Gaming Innovation Group Inc  GIG.OL :
    * GAMING INNOVATION GROUP - ISSUE OF NEW SHARES
    * SHARES HAVE BEEN ISSUED TO FORMER SHAREHOLDERS OF SPORTNCO
AT A
SHARE PRICE OF NOK 27.60 FOR A TOTAL CONSIDERATION OF EUR 4.2
MILLION
    * GAMING INNOVATION GROUP -  ISSUED 1.78 MILLION NEW SHARES
FOR
EARN-OUT CONSIDERATION IN CONNECTION WITH ACQUISITION OF
SPORTNCO GAMING SAS
    * IN ADDITION, GIG HAS TODAY ISSUED 39,650 NEW SHARES OF ITS
COMMON STOCK IN CONNECTION WITH EXERCISE OF OPTIONS

Source text for Eikon:  ID:nWkr9JHWhj 
Further company coverage:  GIG.OL 

 ((Reuters.Briefs@thomsonreuters.com;))