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During the period between 29 April and 3 May 2024 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) ("MTG") repurchased, in total, 124,487 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors.
The share buy-backs form a part of the share repurchase program of a maximum of 3,179,549 shares for a maximum amount of SEK 100 million, which MTG announced on 24 April 2024. The share repurchase program, which runs from 24 April 2024 up until and including 15 May 2024, 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)
29/04/ 48,051 94.6305 4,547,090.16
2024
30/04/ 11,243 94.5186 1,062,672.62
2024
01/05/
2024
02/05/ 24,049 94.3650 2,269,383.89
2024
03/05/ 41,144 94.1869 3,875,225.81
2024
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 May 2024 amounts to 3,845,793 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.