MTG launches share repurchase program which will begin on 27 October
STOCKHOLM — Modern Times Group MTG AB (publ) (“MTG”) today announced that the Board of Directors has decided to launch a share repurchase program of up to SEK 400 million, provided MTG’s holding of its shares does not at any time exceed 10 percent of the outstanding shares. The intention is to begin buying back shares on Thursday 27 October. The Board of Directors’ view is that the share repurchase program will provide a flexible and a sustainable increase in the value created for MTG’s shareholders.MTG has a strong balance sheet thanks to proceeds from the divestment of ESL Gaming and the