Gaming Innovation Group – Minutes from Annual Meeting of Shareholders

The Annual Meeting of Shareholders in Gaming Innovation Group Inc. was held today, Tuesday 19 May 2020 in Stockholm, Sweden. Shareholders representing 55.3 per cent of the shares entitled to vote were present in person or by proxy.

The Annual Meeting approved the Company’s Annual Report for 2019.

The Annual Meeting resolved that the Board of Directors should consist of five members and resolved to re-elect Petter Nylander as Chairman of the Board and to re-elect Henrik Persson Ekdahl and Helge Nielsen, and to elect Nicolas Adlercreutz and Kjetil Garstad as Directors of the Board. It was resolved that the remuneration of the Chairman of the Board of Directors shall be EUR 85,000 per annum and that the remuneration to the other members of the Board of Directors shall be EUR 40,000 per annum each. The remuneration to the audit committee shall be EUR 10,000 to the chairman and EUR 5,000 to the audit committee members, and for the remuneration committee, EUR 5,000 to the chairman and EUR 2,500 to the remuneration committee members.

The Annual Meeting further resolved that the Nomination Committee shall consist of not less than three and not more than four members, of which one shall be the Chairman of the Board of Directors, to represent all shareholders, and be appointed by the three largest shareholders at 31 August 2020.

It was resolved to reappoint Israeloff Trattner & Co. PC as auditors of the Company.

The Annual Meeting also resolved to authorise the Board of Directors to buy back already issued and outstanding shares in the Company and to dispose of such shares, all on such terms as the Board of Directors may deem fit. The Company’s total holding of its own shares may not exceed 10% of the outstanding share capital of the Company at any time. Acquisition of own shares may take place on NASDAQ Stockholm and Oslo Børs, during the period until the end of next Annual Meeting of Shareholders.