Modern Times Group
Buy-back of shares in MTG during week 48, 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) | ||
27/11/2023 | 26,097 | 87.8186 | 2,291,802.00 | ||
28/11/2023 | 25,542 | 85.5297 | 2,184,599.60 | ||
29/11/2023 | 16,700 | 86.7615 | 1,448,917.05 | ||
30/11/2023 | 27,731 | 85.5242 | 2,371,671.59 | ||
01/12/2023 | 40,000 | 86.3079 | 3,452,316.00 |
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 1 December 2023 amounts to 3,202,907 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 | 2023-12-05, kl 18:30 |
Källa | Cision |
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