Modern Times Group
Buy-back of shares in MTG during week 44, 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) | ||
| 30/10/2023 | 64,762 | 87.0430 | 5,637,078.77 | ||
| 31/10/2023 | 56,167 | 89.0730 | 5,002,963.19 | ||
| 01/11/2023 | 61,162 | 89.1204 | 5,450,781.90 | ||
| 02/11/2023 | 45,239 | 91.1952 | 4,125,579.65 | ||
| 03/11/2023 | 26,117 | 90.9922 | 2,376,443.29 |
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 3 November 2023 amounts to 2,421,160 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 | 2023-11-07, kl 18:30 |
| Källa | Cision |
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