The Board of Gentoo Media Inc. has declared its intention to delist the iGaming media firm’s shares from Euronext Oslo Børs.
The decision will result in Gentoo Media moving its entire shareholding to its primary listing on Nasdaq Stockholm, a move designed to improve liquidity and enhance long-term shareholder value.
The Board of Gentoo requires shareholder approval to proceed with its exit from Oslo Børs. Should authorisation be granted, Gentoo expects to complete its delisting by the end of Q2 2025, subject to regulatory approvals.
The full migration of Gentoo’s shareholding to Nasdaq Stockholm has been approved and recommended by Chairman Mikael Riese Harstad.
The Oslo Børs shareholding was retained following Gentoo’s strategic split from Gaming Innovation Group (GiG) to become a stand-alone media group as of September 2024.
As a stand-alone business, the rebranded Gentoo (formerly GiG Media) has reported its fifteenth consecutive month of record commercial growth, generating Q3 revenues of €30 million and an adjusted EBITDA of €14 million.
Closing 2024, Gentoo leadership maintains its guidance, remaining on track to achieve its 2024 forecast with projected revenues of €125-135 million and an EBITDA margin of 45-50%.
Gentoo is expected to announce its Q4 and full-year trading results on 18 February 2025.