Modern Times Group
Buy-back of shares in MTG during week 36, 2023
The share buy-backs form a part of the share repurchase program of a maximum of 6,283,278 shares for a maximum amount of SEK 300 million, which MTG announced on 1 September 2023. The share repurchase program, which runs from 4 September 2023 until 31 December 2023, 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) | ||
| 04/09/2023 | 48,361 | 78.2659 | 3,785,017.19 | ||
| 05/09/2023 | 28,191 | 78.0204 | 2,199,473.10 | ||
| 06/09/2023 | 31,950 | 75.4364 | 2,410,192.98 | ||
| 07/09/2023 | 21,521 | 73.0135 | 1,571,323.53 | ||
| 08/09/2023 | 12,056 | 72.4633 | 873,617.54 |
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 8 September 2023 amounts to 701,330 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 | 2023-09-12, kl 18:30 |
| Källa | Cision |
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