MTG increases ownership in PlaySimple to 100%

Home // MTG increases ownership in PlaySimple to 100% // MTG increases ownership in PlaySimple to 100%

Stockholm
November 1, 2023
08.30 CET

Modern Times Group MTG AB (publ) (“MTG”) today announced that it now owns 100% of its Indian casual gaming studios PlaySimple, in line with the timeline to full ownership announced at the time of the acquisition in 2021. At this stage MTG has not been able to transfer Class B shares (currently held by MTG as Class C shares ) to the founders of PlaySimple as per the original purchase agreement. MTG continues to strongly believe in the long-term benefits of having PlaySimple’s founders hold shares in the group, and intends to continue exploring options to achieve this.

In order to explore additional options for the delivery of shares as mentioned above, MTG intends to ask its shareholders for a new mandate for the delivery of shares. MTG intends to send out a notice to convene an extraordinary general meeting to approve this before the end of the year, with the EGM to be held in early 2024.

For more information:

Anton Gourman, VP Communications and IR Direct: +46 73 661 8488, anton.gourman@mtg.com

About MTG

MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) 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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MTG increases ownership in PlaySimple to 100%

MTG increases ownership in PlaySimple to 100%

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