The EGM approved the Board of Directors’ proposal to distribute all of the shares in the wholly owned subsidiary NENT Group, which comprises MTG’s Nordic Entertainment and Studios business segments. Holders of one (1) MTG class A share will receive one (1) NENT Group class A share and holders of one (1) MTG class B share will receive one (1) NENT Group class B share. The MTG class C shares, which are held by MTG in treasury, are not entitled to dividends and will not receive any NENT Group shares.
The Board of Directors was also authorised to determine the record date for the distribution of the NENT Group shares. The record date is expected to be in late March 2019 and MTG intends to apply for the listing of the NENT Group shares on Nasdaq Stockholm by the end of March 2019. A prospectus regarding the distribution and listing will be published in March, and NENT Group and MTG will host Capital Markets Days on 11 March and 12 March, respectively.
NOTES TO EDITORS
MTG (Modern Times Group MTG AB (publ.)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. Our brands span TV, radio and next generation entertainment experiences in esports, digital video networks and online gaming. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).
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