• news.cision.com/
  • MTG/
  • Buy-back of shares in MTG during week 23, 2022 – repurchase program completed

Buy-back of shares in MTG during week 23, 2022 – repurchase program completed

Report this content

During week 23 (only 7 June 2022) Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) (“MTG”) has repurchased, in total, 17,315 own class B shares (ISIN code SE0000412371) under the share repurchase program initiated by the Board of Directors as part of the commitment to return money to shareholders and to simultaneously optimize the capital structure of the company. The share repurchase program was completed on 7 June 2022 and a total of 1,053,868 class B shares for a total amount of approximately SEK 117 million have been repurchased under the program.

The share buy-backs form a part of the share repurchase program of a maximum of 5,072,282 shares for a maximum amount of SEK 125 million, which MTG announced on 29 April 2022. The share repurchase program, which ran during the period 2 May 2022 7 June 2022, was being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The objectives of the share buy-backs were to deliver on the commitment to return money to shareholders and to simultaneously optimize the capital structure of the company and the intention is to reduce MTG’s share capital through subsequent share cancellations.

Class B shares in MTG have been repurchased (in SEK) as follows:

Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK)
7 June 2022 17,315 111.7912 1,935,664.63

All acquisitions have been carried out on Nasdaq Stockholm by Morgan Stanley Europe SE on behalf of MTG. Following the above acquisitions, MTG’s holding of own shares as of 7 June 2022 amounted to 1,358,748 class B shares and 6,324,343 class C shares. The total number of shares in MTG as of 7 June amounted to 117,015,055.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For more information:

Anton Gourman, VP Communications and IR
Direct: +46 73 661 8488, 
anton.gourman@mtg.com

Follow us: mtg.com / Twitter / LinkedIn

About MTG

MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) is an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. We are born in Sweden but have an international culture and global footprint. Our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).

Subscribe