MTG ACQUIRES ADDITIONAL SHARES IN P4 RADIO
Modern Times Group MTG AB (“MTG”), the international entertainment broadcasting group, today announced that it has acquired a further 7,070,500 shares in P4 Radio Hele Norge ASA (“P4 Radio” or “the Company”), the number one private national radio network in Norway, for NOK 30.0 per share in cash. MTG therefore now owns 29,276,558 P4 Radio shares, which is equivalent to 90.8% of the issued and outstanding share capital of the Company. MTG announced earlier today that it intends to make a mandatory offer of NOK 30.0 per share in cash for the issued and outstanding share capital of P4 Radio (“