Online gambling firm Gaming Innovation Group (GiG) has detailed its plans to list its shares on Nasdaq Stockholm, emphasising that it will begin its first day of trading on Tuesday 26 March, 2019.
GiG’s listing requirements have been reviewed by Nasdaq Stockholm, and the firm will be subject to customary conditions and formal approval from the stock exchange, with no new shares set to be issued in connection with the listing.
Robin Reed, chief executive officer of GiG, commented on the listing plans: “GiG is delighted to announce our intention to list on Nasdaq Stockholm, and that Nasdaq Stockholm has assessed that our company fulfils the listing requirements.
“Stockholm is the hub and centre of excellence for the igaming industry, and this will put the company closer to its peer group with increased visibility in the market.
“We have many shareholders in Sweden, and look forward to welcoming existing and new shareholders to join us on Nasdaq Stockholm.”
GiG is already listed on Oslo Børs. But following its listing on Nasdaq Stockholm, GiG shares will be dual-listed and traded across both exchanges until further notice. GiG’s ticker code will remain as ‘GIG’, meanwhile the ticker code for the its share traded on Nasdaq Stockholm will be ‘GIGSEK’.
Shareholders who already possess GiG shares, and wish to trade shares on Nasdaq Stockholm, have been advised to contact their bank/broker or custody account holder for more detailed information regarding the transfer.
New shareholders are welcomed to trade GiG shares across both exchanges, and those that wish to maintain their shares with the Norwegian VPS and trade on Oslo Børs do not need to take any action at this stage.