Overview of the Name Change to Gentoo Media Inc.
ST JULIANS, Malta — Gaming Innovation Group Inc. has officially rebranded itself as Gentoo Media Inc. This name change follows a special resolution passed at the recent Special Meeting of Shareholders. The new name marks an exciting phase for the company as it aims to redefine its identity and concentrate on the media sector.
Changes to Tickers
The new name of Gentoo Media Inc. has been registered via the Amended and Restated Certificate of Incorporation, which is now officially filed. As a result, the company will also update its ticker symbols on major stock exchanges. Shareholders should be aware that the ticker symbol on the Oslo Stock Exchange will change from "GIG" to "G2MNO," while on Nasdaq Stockholm, it will switch from "GIGSEK" to "G2M." This adjustment will make it easier for investors to identify the company under its new name.
Restructuring Efforts Following the Name Change
As part of its restructuring strategy, the company is preparing to spin off its GiG Platform business into a new independent entity called GiG Software PLC. This spinoff aims to boost the operational capabilities of both companies. Assets from the GiG Platform will be separated and given to shareholders as depository receipts, providing a smooth transition for investors.
Details on the Spinoff
If investors hold shares in Euronext Securities Oslo (VPS), they will receive Norwegian Depository Receipts (NDRs). Those whose shares are held in Euroclear Sweden will receive Swedish Depository Receipts (SDRs). This strategic move will allow Gentoo Media Inc. and GiG Software PLC to operate independently, promoting specialized growth in their individual sectors.
Commitment to Media Services
As Gentoo Media Inc. transitions, the company will stay focused on delivering top-notch media solutions within the industry. Their goal is to leverage innovative technology and provide exceptional services tailored to meet the needs of clients navigating the ever-changing gaming market.
Aiming for Growth and Profitability
Gentoo Media Inc. is dedicated to achieving sustainable growth and profitability through advanced products and technology. The company ensures their partners benefit from cutting-edge solutions, enhancing their market presence and operational efficiency.
Contact Information for Inquiries
If you’d like more information about these exciting changes, please reach out to:
Mikael Riese Harstad, Chairman of the Board, +44 7984183850
Tore Formo, Group CFO, +47 916 68 678
About Gentoo Media Inc.
Gentoo Media Inc., previously known as Gaming Innovation Group, is leading the way in iGaming technology, offering innovative solutions and services designed for iGaming operators, and was established in 2012. The company’s vision is to become the premier platform and media provider in the industry, delivering world-class solutions that enhance the experiences of both customers and partners.
Frequently Asked Questions
What is the new name of Gaming Innovation Group?
The company has changed its name to Gentoo Media Inc.
What are the new ticker symbols for Gentoo Media Inc.?
The ticker on the Oslo Stock Exchange will change to G2MNO, while Nasdaq Stockholm will adjust it to G2M.
What is the aim of the spinoff of GiG Software PLC?
The spinoff is aimed at facilitating independent growth and specialization for both Gentoo Media Inc. and GiG Software PLC.
How will the spinoff affect current shareholders?
Current shareholders will receive depository receipts, allowing them continued ownership interest in both companies.
What services does Gentoo Media Inc. provide?
Gentoo Media Inc. specializes in providing iGaming technology solutions and services, helping operators succeed in a competitive market.
