MTG to begin buying back shares on Monday 2 May
STOCKHOLM — Modern Times Group MTG AB (publ) (“MTG”) today announced that the Board of Directors has decided to launch a share repurchase program. The Group’s intention is to begin buying back shares on Monday 2 May.MTG currently has a strong balance sheet thanks to the previously announced completion of the divestment of ESL Gaming. The net proceeds from the divestment are expected to amount to approximately USD 875 million (equivalent to SEK 8,340 million). 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