MTG carries out new issue and repurchase of class C shares to enable delivery of shares for LTIP 2021
STOCKHOLM, March 24 2021 – The board of directors of Modern Times Group MTG AB (publ) has today resolved to issue 130,000 class C shares and to immediately repurchase all such class C shares. The issuance and repurchase of the class C shares are carried out in order to enable the delivery of class B shares to the participants in the share-related long-term incentive program (LTIP 2021) that the extraordinary general meeting on 21 January 2021 resolved to implement.The board of directors' resolutions were made based on the authorisations resolved upon by the extraordinary general meeting on