MTG launches SEK 400 million share repurchase program
Modern Times Group MTG AB (“MTG”) today announced that its Board of Directors has decided to launch a new share repurchase program of up to SEK 400 million. The program will run between 17 May 2024 and 30 April 2025. The Board’s intention going forward is to continue buying back shares for an amount corresponding to at least one third of the group’s annual free cash flow (FCF).The Board of Directors’ view is that share repurchase programs provide a flexible and sustainable increase in the value created for MTG’s shareholders while enabling MTG to continue pursuing its strategic M&A