Gentoo Media Board Moves to Delist from Euronext Oslo Børs, Retain Nasdaq Stockholm Listing
In a strategic board meeting held on January 30, 2025, Gentoo Media Inc., a prominent affiliate in the online gambling sector, announced its plan to delist its shares from Euronext Oslo Børs. The decision is rooted in a desire to enhance liquidity and potentially increase shareholder value by consolidating its presence on Nasdaq Stockholm, where the company has noticed an increased interest from investors.
Since 2019, Gentoo Media has operated with dual listings on both Euronext Oslo Børs and Nasdaq Stockholm, allowing investors the flexibility to trade on either exchange. However, over time, there has been a notable shift in the investor landscape, with a significant migration of shareholders moving their assets to Nasdaq Stockholm. This trend aligns with the broader recognition of Sweden as a key hub for the iGaming industry, especially as interest in Finland and its neighboring markets has grown.
The company has noticed a gradual decrease in shareholders on the Oslo exchange, which corresponds with a limited liquidity situation in trades occurring on Euronext. The Board believes that focusing exclusively on Nasdaq Stockholm will enable Gentoo Media to improve trading liquidity and overall share performance. Notably, key investors have expressed support for this delisting initiative, indicating a consensus around the potential benefits it may offer.
The pursuit of this delisting hinges on the approval of its shareholders, as well as the consent of Euronext Oslo Børs. To facilitate this, a special meeting with shareholders is set to convene in mid-March for a vote on the proposed changes. If the shareholders grant approval, the company will proceed with the formal application to Euronext Oslo Børs for the delisting process, which is anticipated to culminate by the end of the second quarter of 2025.
As a market leader, Gentoo Media specializes in connecting operators and players in the online gaming and sports betting sectors. The company operates several key platforms including AskGamblers, Time2Play, and CasinoTopsOnline, showcasing its diverse affiliate marketing strategies.
This decision comes on the heels of a rebranding effort that occurred in 2024 when Gentoo Media split from its former entity, Gaming Innovation Group, to operate independently on both the Oslo and Stockholm exchanges. In transitioning, Gentoo Media has aimed to sharpen its focus on delivering valuable affiliate solutions within the ever-evolving landscape of online gambling and betting services.
To stay updated on these developments and for further details regarding Gentoo Media's strategic plans, stakeholders can connect with Mikael Riese Harstad, the Chairman of the Board, or Tore Formo, the Group CFO, through the provided contact details.
As the timelines for the delisting progress, all parties involved will closely monitor the situation, ahead of what many anticipate to be a significant transition in the company's stock trading environment. The move highlights the dynamic nature of the financial markets and underscores Gentoo's commitment to aligning its operations with investor interests and market demand.
This news release is important to note as it falls under the scrutiny of EU Market Abuse Regulations (MAR), highlighting Gentoo's ongoing adherence to transparency and compliance protocols within the sphere of securities trading. Stakeholders are encouraged to remain attentive to updates and engage with company leadership as the pivotal shareholder meeting approaches.
In conclusion, Gentoo Media's obligations to its investors continue to evolve, and this proposed delisting represents a strategic pivot aimed at fostering better market conditions for its shares and enhancing investor returns in an increasingly competitive industry.