GiG CEO Purchases 1.5 Million Shares
GiG Software Plc announced that CEO Richard Carter has acquired 1.5 million shares in the company. Following the transaction, Carter's total shareholding amounts to 5,087,451 shares.
iGaming technology provider GiG Software Plc announced on Thursday that CEO Richard Carter has purchased 1.5 million shares of the company. This acquisition increases Carter's personal shareholding to a total of 5,087,451 shares.
The purchase represents a significant investment by the company's chief executive, signalling confidence in GiG's future prospects. With this transaction, Carter becomes one of the largest individual shareholders in GiG. Management and directors collectively hold 3% of the company's issued share capital.
GiG Software Plc specializes in providing technology solutions for the online gambling industry. The company's shares are listed on the First North exchange under the ticker GiG SDB and on the OTCQX market under GIGXF. The announcement specified that Carter's purchase falls under regulations for persons discharging managerial responsibilities (PDMRs).
While specific financial details of the transaction were not disclosed, the move is aligned with broader corporate strategies to enhance leadership commitment and ownership. The company continues to focus on expanding its market presence through its technology offerings in the global gaming sector.