Issue and repurchase of Class C shares
Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment broadcasting group, today announced that it has issued and immediately repurchased 240,000 new Class C shares. The shares have been issued and repurchased in accordance with the terms of the performance-based incentive programme which was approved by the MTG Annual General Meeting of shareholders on 18 May 2011.Nordea Bank AB subscribed for the entire issue of new Class C shares at a subscription price of SEK 5.00 per share. The entire issue of Class C shares has then been repurchased by MTG for SEK 5.