Gaming Innovation Group – Mandatory notification of trade – European Gaming Industry News

Gaming Innovation Group - Mandatory notification of trade


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Gaming Innovation Group Inc. (GiG) has today granted 1,700,000 options to key employees. The exercise price is NOK 22.00 per share, and the options are exercisable with 20% after 1 January 2023, 30% after 1 January 2024 and 50% after 1 January 2025.  All options expire on 31 December 2027 and are conditional upon employment at time of exercise.

Richard Brown, CEO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Richard Brown and close associates holds 121,000 shares in GiG and 110,000 options to buy shares in GiG.

Ben Clemes, CCO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Ben Clemes holds 1,907,146 shares in GiG and 60,000 options to buy shares in GiG.

Chris Armes, CIO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Chris Armes holds 0 shares and 210,000 options to buy shares in GiG.

Tore Formo, Group CFO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Tore Formo holds 458,167 shares in GiG and 60,000 options to buy shares in GiG.

Justin Psaila, CFO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Justin Psaila holds 2,100 shares in GiG and 132,000 options to buy shares in GiG.

Jonas Warrer, Chief Marketing Officer and Managing Director of GiG Media, and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Jonas Warrer and close associates holds 400,886 shares in GiG and 60,000 options to buy shares in GiG.

Claudio Caruana, General Counsel and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Claudio Caruana holds 100 shares in GiG and 60,000 options to buy shares in GiG.

Claudia Ginex, Chief People Officer and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Claudia Ginex holds 0 shares in GiG and 60,000 options to buy shares in GiG.

Author: Micheal Ramirez