MTG launches new share repurchase program which starts on 20 June
STOCKHOLM — Modern Times Group MTG AB (publ) (“MTG”) today announced that the Board of Directors has decided to launch a new share repurchase program. The Group’s intention is to begin bying back shares on Monday 20 June.MTG currently has a strong balance sheet thanks to the previously announced completion of the divestment of ESL Gaming. The group has the intention to return at least 40 percent of the net proceeds to its shareholders, with the rest of the proceeds to be used to strengthen MTG’s position in the global gaming market and continued execution of strategy. The group’s Board