Gaming Innovation Group - Minutes from Annual Meeting of Shareholders
22 May, 2019
The Annual Meeting of Shareholders in Gaming Innovation Group Inc. was held today, Wednesday 22 May 2019, in Stockholm, Sweden.
Shareholders representing 60.83 per cent of the shares entitled to vote were present in person or by proxy. All proposals stated in the notice to the meeting were approved by the shareholder meeting, see attached minutes.
The Annual Meeting resolved that the Board of Directors should consist of six members and resolved to re-elect Petter Nylander as Chairman of the Board and to re-elect Robert Burén, Frode Fagerli, Paul Fichbein, Helge Nielsen and Henrik Persson Ekdahl as Directors of the Board.
The Annual Meeting furthermore resolved that the Nomination Committee shall consist of not less than three and not more than four members, of which one shall be the Chairman of the Board of Directors, to represent all shareholders and be appointed by the three largest shareholders at 31 August 2019. It was also resolved to reappoint Israeloff Trattner & Co. PC as auditors of the company.
The Annual Meeting resolved to establish a three-year share option plan to provide continuing share incentives for managers and key staff of the company. The options will have a three-year vesting period from grant and will vest with 20% after one year, 30% after two years and 50% after three years. Up to 5% of issued share capital will be available for the share option plan.
The Annual Meeting also resolved to authorise the Board of Directors to buy back already issued and outstanding shares in the company and to dispose of such shares, all on such terms as the Board of Directors may deem fit. The company’s total holding of its own shares may not exceed 10% of the outstanding share capital of the company at any time. Acquisition of own shares may take place on NASDAQ Stockholm and Oslo Børs, during the period until the end of next Annual Meeting of Shareholders.
It was resolved on a total remuneration maximum of EUR 285,000 per annum to be paid to Directors elected at the Annual Meeting, that the remuneration of the Chairman of the Board of Directors shall be EUR 85,000 per annum and that the remuneration to the other members of the Board of Directors shall be EUR 40,000 per annum each.
For further information, please contact:
Tore Formo
Group CFO
This information is information that Gaming Innovation Group Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 14:46 CET on 22 May 2019.
About Gaming Innovation Group (GiG):
Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com