GiG shareholders approve planned business separation

Tuesday, September 24, 2024 7:45 PM
  • Zak Thomas-Akoo, Next.io

GiG shareholders representing 57.4% of shares entitled to vote opted in favour of spinning off the platform business as a new entity, GiG Software plc.

The vote was the final hurdle in the long-awaited split, which was first announced in early 2023 as part of a strategic review and is due to complete on 30 September.

Shareholders also approved the previously announced rebrand of the firm’s media division to Gentoo Media Inc, effective from 25 September.

The ticker for shares listed on the Oslo Stock Exchange will change from GIG to G2MNO, while on the Nasdaq it will update to G2M from GIGSEK.