During the period between 27 June - 1 July 2022 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) ("MTG") has repurchased, in total, 251,881 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors as part of the commitment to return money to shareholders.
The share buy-backs form a part of the share repurchase program of a maximum of 4,018,414 shares for a maximum amount of SEK 200 million, which MTG announced on 17 June 2022. The share repurchase program, which runs during the period 20 June 2022 - 20 October 2022, 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 objective of the share buy-backs is to deliver on the commitment to return money to shareholders and 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) | |
| |
27/06/2022 |
57,589 |
87.8220 |
5,057,581.16 | | |
28/06/2022 |
30,301 |
87.9232 |
2,664,160.88 | | |
29/06/2022 |
56,360 |
84.5596 |
4,765,779.06 | | |
30/06/2022 |
64,632 |
82.9747 |
5,362,820.81 | | |
01/07/2022 |
42,999 |
83.8563 |
3,605,737.04 | | |
All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of MTG. Following the above acquisitions, MTG's holding of own shares as of 1 July 2022 amounts to 31,855,629 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 117,015,055.
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.
For more information:
Anton Gourman, VP Communications and IR
Direct: +46 73 661 8488, anton.gourman@mtg.com
Follow us: mtg.com / Twitter / LinkedIn
About MTG
MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) is an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. We are born in Sweden but have an international culture and global footprint. Our shares are listed on Nasdaq Stockholm (`MTGA' and `MTGB').
https://news.cision.com/mtg/r/buy-back-of-shares-in-mtg-during-week-26--2022,c3596962
https://mb.cision.com/Main/56/3596962/1601288.pdf
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