Copyright : Roland Magnusson / 123RF Stock Photo

Malta headquartered Gaming Innovation Group has announced plans to list its shares on Nasdaq Stockholm, stressing that its first day of trading is pencilled in to be later this month on Tuesday 26 March, 2019.

It was stated that Nasdaq Stockholm has assessed that GiG fulfils the listing requirements, subject to customary conditions and formal approval from the stock exchange, with no new shares set to be issued in connection with the listing.

GiG is currently listed on Oslo Børs, and following completion of the listing on Nasdaq Stockholm the GiG share will be dual-listed and traded on both exchanges for the foreseeable future, until further notice.

The ticker code for the GiG share on Oslo Børs is to remain as ‘GIG’, meanwhile the ticker code for the its share traded on Nasdaq Stockholm will be ‘GIGSEK’.

Existing shareholders who wish to trade the GiG share on Nasdaq Stockholm, are advised to contact their bank/broker or custody account holder for more detailed information regarding the transfer, including any potential costs involved for the shareholder.

Furthermore, those who would like to keep their shares with the Norwegian VPS and trade on Oslo Børs do not need to take any action at this stage, with new shareholders welcomed to trade the GiG share on both exchanges.

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.”