Resolutions at the extraordinary general meeting of MTG

Resolutions at the extraordinary general meeting of MTG

Stockholm
January 30, 2024
04.30 PM CET
Today’s extraordinary general meeting (the “EGM”) of Modern Times Group MTG AB (publ) (“MTG”) resolved on, among other things, transfer of class B shares to the sellers of PlaySimple Games Private Limited (“PlaySimple”) as well as transfer of class B shares on a regulated market or by way of accelerated bookbuilding procedures.

Resolutions on transfer of own class B shares

The EGM resolved, in accordance with the board of directors' proposals, on:

  • Transfer of a maximum of 6,194,343 own class B shares to the sellers of PlaySimple with deviation from the shareholders’ preferential rights. The right to receive class B shares shall, with deviation from the shareholders’ preferential rights, be granted to the sellers of PlaySimple (or one or more entities controlled or designated by such sellers). The class B shares shall be transferred no later than by 31 January 2026. The class B shares shall be transferred either without any consideration paid or against payment, in accordance with the terms of the share purchase agreement regarding MTGx Gaming Holding ABs purchase of shares in PlaySimple and the related investment agreement.
  • Transfer of a maximum of 6,194,343 class B shares on a regulated market or by way of accelerated bookbuilding procedures with deviation from the shareholders’ preferential rights, in the event the class B shares are not transferred on the terms contemplated by the item above. Transfers on a regulated market may be carried out no later than by the next annual general meeting and at a price within the, at each time, registered price interval. Transfers by way of accelerated bookbuilding procedures may be carried out no later than by 30 April 2026 and at a price which is determined through accelerated bookbuilding procedures. The right to acquire class B shares shall, with deviation from the shareholders’ preferential rights, be granted to investors willing to acquire shares in accelerated bookbuilding procedures on market terms.

EGM minutes with complete proposals and a summary of the postal votes

The EGM minutes, including a summary of the postal votes, will be available at the company and the company's website, www.mtg.com.

For more information:

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

Follow us: mtg.com / LinkedIn

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 under the tickers MTGA and MTGB.