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The Board of Directors of Gaming Innovation Group Inc. has today granted a total of 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. The options are granted under the option plan approved by the Annual Meeting of Shareholders in May 2019.
GiG has 150,000,000 authorized shares, whereof 96,675,626 are issued and outstanding. After the grant, a total of 3,420,000 options are outstanding.
