Gentoo Media Shareholders Decide on Euronext Delisting Move
Gentoo Media's Special Meeting of Shareholders Overview
A Special Meeting of Shareholders in Gentoo Media Inc. was conducted recently, attracting a considerable presence of shareholders. Those attending either in person or through proxy accounted for a noteworthy 51.18% of the shares with voting rights.
Key Resolutions Made
The primary resolution passed during this meeting was the decision to delist the Company's shares from Euronext Oslo Børs, a significant step for the organization. Despite this action, Gentoo Media will continue to maintain its presence on Nasdaq Stockholm, ensuring their shares remain accessible to investors.
Delisting Process
To initiate the delisting, Gentoo Media will promptly submit the necessary application to Euronext Oslo Børs. It is anticipated that, upon receiving approval from the exchange, this delisting will occur before the conclusion of the second quarter of 2025. Importantly, shareholders will not need to undertake any tasks to manage their shares due to the process being handled within the system.
Company Structure and Shareholder Information
Gentoo Media has confirmed that their share registry will persist within the Norwegian Central Securities Depository (Euronext Securities Oslo – 'VPS'). For shareholder convenience, these shares will continue to be reflected in Euroclear Sweden through a nominee account maintained in the VPS framework. This structure supports a seamless transition for shareholders regarding their holdings.
Future Communications
The company plans to post the official minutes from the Special Meeting on its website, making it available for interested parties and ensuring transparency in communications. Stakeholders can refer to their official website for further details and updates.
About Gentoo Media Inc.
Gentoo Media stands as a leading entity within the affiliate sector, connecting gaming operators to players within the thriving online gambling and sports betting sectors. Its portfolio includes a variety of affiliate services, highlighted through their key platforms such as AskGamblers and CasinoTopsOnline. Following an important restructuring in 2024, Gentoo Media split from Gaming Innovation Group (GiG) to form an independent entity, now publicly traded on both the Oslo Stock Exchange and Nasdaq Stockholm under the tickers "G2MNO" and "G2M" respectively.
Contact Information
For queries related to the company's operations or the meeting outcomes, interested parties are encouraged to reach out to Mikael Harstad, the Chairman of the Board, or Tore Formo, Group CFO of Galilean Innovations Group. Their contact numbers are provided for direct inquiries.
Frequently Asked Questions
What was the primary decision made at the Special Meeting?
The key decision was to delist Gentoo Media's shares from Euronext Oslo Børs while continuing their listing on Nasdaq Stockholm.
When is the expected delisting to take effect?
Pending approval from Euronext Oslo Børs, the delisting is expected to occur by the end of the second quarter of 2025.
Do shareholders need to take action regarding their shares?
No, shareholders do not need to undertake any actions, as the company will manage the transition automatically within the exchange systems.
Where can I find the minutes from the meeting?
The minutes will be uploaded on Gentoo Media's official website for all interested shareholders and stakeholders.
What services does Gentoo Media provide?
Gentoo Media specializes in delivering affiliate marketing solutions, connecting operators with players in the online gambling market through various established platforms.
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