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During the period between 16 and 20 October 2023 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) ("MTG") repurchased, in total, 226,447 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors to deliver shareholder value and to optimize the capital structure of the company.
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 Weighted average Total daily
volume (number of share price per day transaction value
shares) (SEK) (SEK)
16/10/ 35,519 73.8051 2,621,483.35
2023
17/10/ 58,336 75.7108 4,416,665.23
2023
18/10/ 69,957 75.3786 5,273,260.72
2023
19/10/ 31,887 72.3910 2,308,331.82
2023
20/10/ 30,748 70.6764 2,173,157.95
2023
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 20 October 2023 amounts to 1,805,987 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.