Modern Times Group
Buy-back of shares in MTG during week 49, 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) | ||
04/12/2023 | 17,504 | 86.5228 | 1,514,495.09 | ||
05/12/2023 | 30,508 | 86.0948 | 2,626,580.16 | ||
06/12/2023 | 41,203 | 86.1777 | 3,550,779.77 | ||
07/12/2023 | 24,633 | 85.1740 | 2,098,091.14 | ||
08/12/2023 | 24,073 | 86.8689 | 2,091,195.03 |
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 December 2023 amounts to 3,340,828 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 | 2023-12-12, kl 18:30 |
Källa | Cision |