Nordea Bank AB subscribed for the entire issue of new Class C shares at a subscription price of SEK 5.00 per share. The entire issue of Class C shares has then been repurchased by MTG for SEK 5.00 per share.
The shares were issued in order to enable the future delivery of Class B shares to senior executives participating in the Group’s incentive programme. The Class C shares will be converted into Class B shares prior to delivery to qualifying participants. Class C shareholders are not entitled to dividend payments.
MTG now holds a total of 865,000 Class C shares, following prior issues of Class C shares according to the terms of the 2010, 2009 and 2008 incentive programmes approved by the respective MTG Annual General Meetings.