Gaming Innovation Group Inc. (“GiG”) advances according to plan with its
strategic split of its Media and Platform businesses by distributing GiG
Platform to its shareholders. As part of this process, the nomination committee
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of GiG (the “Nomination Committee”) has reviewed and evaluated two separate
board compositions with the aim to optimise the growth opportunities for each
business entity.
GiG Media will continue to operate under GiG’s current corporate structure, with
GiG serving as its listed holding company. GiG Platform, currently operated as a
subsidiary of GiG, will be spun off to GiG’s shareholders later this year. The
board of GiG Platform will not be elected during GiG’s annual general meeting
but will be elected separately during the relevant subsidiary’s annual general
meeting. The majority of GiG’s current board members will be elected to the
initial board of GiG Platform, with the exception of Karolina Pelc, who has
declined re-election due to other commitments. The board of directors for GiG
Platform will thus include Petter Nylander as chairman, along with Nicolas
Adlercreutz, Mikael Riese Harstad, Hesam Yazdi, Tomasz Juroszek and Steve Salmon
as ordinary board members.
The Nomination Committee’s proposal
For GiG, and thereby the continued operation of GiG Media, the Nomination
Committee has decided to propose that GiG’s Annual General Meeting 2024 approves
the following proposals regarding the number of board members and election of
board members.
The Nomination Committee proposes that the number of members of the Board of
Directors of GiG shall be five. For the period until the next Annual Meeting of
Shareholders, the nomination committee proposes that:
· Mikael Riese Harstad and Hesam Yazdi are to be re-elected as members of the
board.
· The following new board members shall be elected to join the board:
· Cristina Romero de Alba,
· Mateusz Juroszek and
· Nicholas Batram.
· Mikael Riese Harstad is to be elected as the Chairman of the Board of
Directors.
Cristina Romero de Alba has a versatile background in finance and law, serving
as a partner at LOYRA. She leads one of the most prominent M&A and regulatory
practices in the gambling and betting industry, with a particular emphasis on
the Americas. Over her 12 years of industry experience, she has provided counsel
to institutional and strategic investors, operators and suppliers across more
than 30 countries. Additionally, she holds positions as a board member at the
ICRG (International Center for Responsible Gaming) in the US and at OMNIGAME in
Denmark. Furthermore, she actively supports ALANTRA, a listed financial services
group, in their Latin American strategy within asset management. Cristina
anticipates contributing to the growth of GiG’s business in the promising LATAM
region. She is a Spanish citizen born in 1981 and does not hold any shares in
GiG.
Mateusz Juroszek has 20 years of involvement in the gambling sector, primarily
as the CEO of Poland’s largest bookmaker, STS, from 2012 to 2023. He has also
served as an investor in various gambling ventures worldwide. During his tenure,
STS witnessed revenue growth and ascended to become Poland’s leading bookmaker,
propelled by innovative sports betting and technological solutions. Notably, he
transitioned STS from a retail-oriented model to an online platform, with a
specific focus on mobile integration. In 2021, he successfully oversaw STS
Group’s IPO on the Warsaw Stock Exchange, achieving an Euro 850 million
capitalization. Subsequently, in 2023, Juroszek facilitated the sale of a
majority stake in STS Group, integrating it into the Entain Group through the
Entain CEE vehicle, a joint venture of the London-listed Entain Group, EMMA
Capital, and the Juroszek family (~10%). This transaction valued STS Group at
Euro 880 million. Juroszek also holds a position on the board of directors at STS.
Furthermore, he has founded Betplay Capital, one of the largest investment funds
in the iGaming sector, managing approximately EUR 650 million. Juroszek, a
graduate of the Faculty of Strategic Management at Kozminski University in
Warsaw, is a Polish citizen born in 1987. He indirectly holds 19,424,518 shares
in GiG through his own and family-owned companies.
Nicholas (Nick) Batram recently established his consulting business after
serving as Group Director of M&A and Corporate Development at Entain plc, a
leading gaming company and a constituent of the FTSE100. During his eight-year
tenure at Entain, Batram played a pivotal role in the group’s expansion and
geographic diversification, overseeing over 20 transactions totalling
approximately $10 billion across various regions. Before joining Entain, he
accrued around 30 years of experience in the finance industry, specializing in
Leisure & Gaming. His expertise was recognized when he was voted the No.1
Leisure & Gaming analyst in the Extel Survey as voted for by corporates. Batram,
a citizen of the United Kingdom born in 1968, does not hold any shares in GiG.
The Annual General Meeting will be held on May 22, 2024, in Stockholm, Sweden.
The Nomination Committee’s full proposals and motivated statement will be
released in connection with publication of the notice of the Annual General
Meeting.
For further information, please contact:
Petter Nylander, Chairman of GiG, petter.nylander@gig.com +46 765250955
Tore Formo, Group CFO, tore@gig.com, +47 91668678
This information is information that Gaming Innovation Group Inc. (GiG) is
obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication through the agency of the contact
person set out above, at 08:25 CET on 8 April 2024.
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group’s vision is 'To be the industry leading platform, sportsbook
and media provider delivering world class solutions to our iGaming partners and
their customers. GiG’s mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. 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
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