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 850,000 Class C shares, having previously issued and repurchased 480,000 Class C shares on 28 August 2008 in accordance with the terms of the incentive programme approved by the MTG 2008 Annual General Meeting of shareholders.