GiG Software PLC plans share issue and loan for 888AFRICA acquisition

GiG Software PLC announced on August 26, 2026, its intention to conduct a directed share issue and enter into a convertible loan agreement to finance the acquisition of an 80% stake in 888AFRICA. This strategic move is expected to significantly expand the company's presence in the African market.

The company's board of directors has approved the share issue and is finalizing terms for the convertible loan. These financial instruments are intended to secure the necessary capital for the transaction, which is anticipated to strengthen GiG's competitive position in the global gaming technology sector. The acquisition is projected to close in the coming months.

GiG Software, a provider of platform and software solutions for the gaming industry, has primarily operated in European markets. The acquisition of a majority stake in 888AFRICA marks a significant expansion into Africa, a region identified as having substantial future growth potential. This strategic step is expected to enhance the company's market reach and customer base.

Company officials stated that this acquisition aligns with GiG's long-term growth objectives and enhances its global footprint. Further details regarding the transaction's terms and timeline are expected to be disclosed soon.