MTG proposes a SEK 2,767 million extraordinary cash distribution to its shareholders and a simplified corporate structure through a minority share exchange
STOCKHOLM — Modern Times Group MTG AB (publ) (“MTG”) today announced that its Board of Directors will propose an extraordinary cash distribution of SEK 25.00 per share, equivalent to SEK 2,767m in aggregate, through a share redemption program. The Board of Directors also intends to continue repurchasing shares after the 2022 AGM. The Board will also propose to the 2022 AGM to resolve on an exchange of the shares held by InnoGames’ founders’ in MTG Gaming AB* for newly issued Class B shares in MTG.Returning value to shareholders This share redemption proposal is part of the Group’s