Buy-back of shares in MTG during week 25, 2022

Stockholm
June 29, 2022
09.03 PM CEST

During the period between 20 June – 23 June 2022 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) (“MTG”) has repurchased, in total, 245,000 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors as part of the commitment to return money to shareholders.

Stockholm
June 29, 2022
09.03 PM CEST

The share buy-backs form a part of the share repurchase program of a maximum of 8,036,829[1] shares for a maximum amount of SEK 200 million, which MTG announced on 17 June 2022. The share repurchase program, which runs during the period 20 June 2022 – 20 October 2022, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The objective of the share buy-backs is to deliver on the commitment to return money to shareholders and the intention is to reduce MTG’s share capital through subsequent share cancellations.

Class B shares in MTG have been repurchased (in SEK) as follows:

Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK)
20/06/2022 60,000 86.0388 5,162,328.00
21/06/2022 62,804 87.1047 5,470,523.58
22/06/2022 77,196 87.7952 6,777,438.26
23/06/2022 45,000 88.0197 3,960,886.50
24/06/2022 - - -

All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of MTG. Following the above acquisitions, MTG’s holding of own shares as of 23 June 2022 amounts to 2,962,496 class B shares (1,603,748 following the share redemption)[2] and 12,648,686 class C shares (6,324,343 following the share redemption)[3]. The total number of shares in MTG amounts to 234,030,110.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

[1] The shares of MTG have following the AGM of 2022 been subject to a share split 2:1 as a first step in the share redemption plan. As a final step in the share redemption plan the number of shares will be restored to the number prior to the AGM of 2022 following a share redemption. Thus, the maximum number of shares that may be repurchased following this step will be 4,018,414.

[2] The shares of MTG will be subject to a share redemption as a final step in the share redemption plan resolved upon at the AGM of 2022.

[3] The shares of MTG will be subject to a share redemption as a final step in the share redemption plan resolved upon at the AGM of 2022.

Press files
Buyback Appendix ENG Week 25
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