Modern Times Group
Buy-back of shares in MTG during week 21, 2024
The share buy-backs form a part of the share repurchase program of a maximum of 5,789,385 shares for a maximum amount of SEK 400 million, which MTG announced on 16 May 2024. The share repurchase program, which runs from 17 May 2024 up until and including 30 April 2025, is 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 are to deliver shareholder value and to optimize the capital structure of the company. 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) | ||
17/05/2024 | 17,300 | 97.9642 | 1,694,780.66 | ||
20/05/2024 | 17,057 | 97.9128 | 1,670,098.63 | ||
21/05/2024 | 17,225 | 97.0474 | 1,671,641.47 | ||
22/05/2024 | 13,130 | 97.7975 | 1,284,081.18 | ||
23/05/2024 | 17,200 | 95.6160 | 1,644,595.20 | ||
24/05/2024 | 18,000 | 96.3142 | 1,733,655.60 |
All acquisitions have been carried out on Nasdaq Stockholm by Kepler Cheuvreux on behalf of MTG. Following the above acquisitions, MTG's holding of own shares as of 24 May 2024 amounts to 4,175,346 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 131,668,727.
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.
Datum | 2024-05-28, kl 18:00 |
Källa | Cision |