MTG has completed the share exchange of EHM’s minority holding in MTG Gaming

MTG has completed the share exchange of EHM’s minority holding in MTG Gaming

June 17, 2022
10.45 CEST
STOCKHOLM, 17 June 2022 – Modern Times Group MTG AB (publ) ("MTG") has today completed the share exchange of the shares MTG did not previously own of MTG Gaming AB (“MTG Gaming”) held by EHM Holding GmbH ("EHM"). The transaction results in a simpler and more transparent corporate structure for MTG and supports the group’s future growth as a pure-play gaming company.

As previously communicated, MTG has entered into an agreement to purchase EHM’s shares in MTG Gaming, and the purchase price consists of newly issued Class B shares in MTG. EHM is owned by Hendrik Klindworth, Eike Klindworth and Michael Zillmer, the founders of InnoGames. The issue directed to EHM was approved by the Annual General Meeting 2022. The number of shares of new Class B in MTG that shall be issued to EHM has been determined to 18,074,753 shares, in accordance with the calculation model stated in the AGM’s resolution.

Through the issue in kind, a dilution effect (based on the number of shares in MTG after the share redemption program has been completed) of 18,074,753 class B shares arises, corresponding to approximately 14.2 per cent of the total number of shares in MTG after the issue in kind. Accordingly, the owners of EHM are together the largest shareholder of MTG.

The shares owned by EHM will be subject to a three-year staggered lock-up, with one third of the shares becoming available for trading after a 12-month period, and the remaining two thirds after 24 and 36 months, respectively.

MTG’s President and CEO Maria Redin comments:

“It’s a pleasure to welcome EHM and Hendrik and Eike Klindworth and Michael Zillmer as MTG’s shareholders. We have worked closely together since MTG’s initial investment in InnoGames back in 2016, and I look forward to our close continued collaboration. The share exchange process demonstrates how MTG works, and builds long term value together with the talented gaming entrepreneurs who are helping us create one of the world’s most exciting international gaming groups.”

For more information:

Anton Gourman, VP Communications and IR Direct: +46 73 661 8488,

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About MTG

MTG (Modern Times Group MTG AB (publ.)) ( 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’).

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