Richard Brown, CEO and primary insider of Gaming Innovation Group Inc. (GiG), has today exercised 50,000 options to buy shares in GiG at a share price of NOK 24.00. After this exercise, Brown and close associates holds 171,000 shares in GiG and 60,000 options to buy shares in GiG. The new shares have 12 months lock-up.
In addition, an employee in GiG has exercised his option to buy 4,000 shares in GiG at a share price of NOK 15.00.
GIG will borrow shares for the immediate transfer of the option shares and will issue new shares later. The outstanding number of shares in GiG is 122,786,526 and when issuing the new shares for the option exercise, the outstanding number of shares will increase to 122,848,526. After the exercises, a total of 2,982,000 options are outstanding.
