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.
For further information, please visit www.mtg.se or contact:
Hans-Holger Albrecht, President & CEOTel: +46 (0) 8 562 000 50
Investor & Analyst Enquiries:Jacob Waern / Matthew HooperTel: +46 (0) 736 992 991 / +44 (0) 7768 440 414Email: firstname.lastname@example.org
Media Enquiries:Jacob WaernTel: +46 (0) 736 992 991 Email: email@example.com
Modern Times Group is an international entertainment broadcasting group with the largest geographical broadcast footprint in Europe. MTG's Viasat Broadcasting operates 28 free-TV channels in 11 countries and 38 pay-tv channels in 32 countries. The pay-tv channels are distributed on Viasat’s own satellite platforms in 9 countries, as well as on third party broadcast networks (including cable, satellite and IPTV) and over the open internet. These free-TV and pay-TV channels and pay-TV platforms attract a total of 125 million viewers in 33 countries. MTG is also the largest shareholder in Russia’s leading independent television broadcaster (CTC Media – Nasdaq: CTCM).
Modern Times Group is a growth company and generated SEK 13.1 billion of sales and SEK 2.4 billion of operating income in 2010. MTG’s Class A and B shares are listed on Nasdaq OMX Stockholm’s Large Cap index under the symbols ‘MTGA’ and ‘MTGB’.
The information in this announcement is that which Modern Times Group MTG AB is required to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. It was released for publication at 16.00 CET on 15 June 2011.