Gentoo Media Initiates Delisting from Euronext Oslo to Focus on Nasdaq Stockholm

Gentoo Media Proposes Delisting from Euronext Oslo

On January 30, 2025, Gentoo Media Inc., a prominent player in the online gambling and sports betting industry, announced its intention to delist its shares from Euronext Oslo Børs. The decision, made by the company's Board of Directors, comes as part of an effort to enhance liquidity and shareholder value by focusing solely on Nasdaq Stockholm, where the company has seen a stronger investor interest.

For several years, Gentoo Media's shares have been dual-listed on both exchanges, allowing shareholders the flexibility to trade on either platform. However, recent trends indicate a significant shift of focus from Norway to Sweden, which has become a central hub for the iGaming sector. The board of directors noted that a growing number of shareholders are consolidating their holdings on Nasdaq Stockholm, further reducing the number of active investors in Oslo. The liquidity and trading activity on the Euronext exchange have also diminished significantly, prompting this bold move.

According to the company, the ability to create a more streamlined trading environment in Stockholm could potentially increase liquidity, ultimately benefiting shareholders. Therefore, the board is seeking to gain approval from a special shareholders' meeting scheduled for mid-March. The voting outcome will determine if they can proceed with the delisting application, which, if approved, is expected to take place by the end of the second quarter of 2025.

The fundamental rationale behind the delisting hinges on the belief that focusing trading activity exclusively on Nasdaq Stockholm will lead to greater share accessibility and improved market dynamics. Mikael Riese Harstad, the chairman of the board, expressed optimism regarding this strategic direction, stating, "Our principal investors have signaled strong support for a single listing in Stockholm, and we believe this change will enhance shareholder value in the long term."

The transition comes after Gentoo Media rebranded from its previous identity as GiG Media following a legal restructuring last year, separating its media operations from its platform and sportsbook activities. Gentoo Media is renowned for its comprehensive affiliate solutions in the iGaming sector, including established platforms like AskGamblers, CasinoTopsOnline, and WSN. The company aims to continue fostering these strategic partnerships while streamlining its operations.

Investors looking for further information or clarification on this impending change can reach out to company representatives. The overarching sentiment is one of cautious optimism as Gentoo Media prepares for this major transition in its stock market strategy.

In conclusion, Gentoo Media's decision to delist from Euronext Oslo and concentrate on Nasdaq Stockholm reflects a strategic response to changing market dynamics and shareholder preferences, aiming for a more robust trading environment and improved liquidity for its shares.

For more detailed updates and inquiries regarding the delisting, investors are encouraged to follow Gentoo Media's official communications leading up to the shareholders' meeting and subsequent actions.