Buy-back of shares in MTG during week 45, 2022

Buy-back of shares in MTG during week 45, 2022

Stockholm
November 15, 2022
12.50 PM CET
During the period between 7 November to 11 November 2022 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) (“MTG”) repurchased, in total, 168,287 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors to deliver shareholder value and to optimize the capital structure of the company.

The share buy-backs form a part of the share repurchase program of a maximum of 4,618,818 shares for a maximum amount of SEK 400 million, which MTG announced on 25 October 2022. The share repurchase program, which runs from 27 October 2022 up and until the Annual General Meeting 2023, 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 objectives of the share buy-backs are to deliver shareholder value and to optimize the capital structure of the company. 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)
07/11/2022 35,000 86.2698 3,019,443.00
08/11/2022 35,000 87.7227 3,070,294.50
09/11/2022 33,440 85.4934 2,858,899.30
10/11/2022 31,844 85.7240 2,729,795.06
11/11/2022 33,003 87.2011 2,877,897.90
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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 11 November 2022 amounts to 2,862,609 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 134,035,940.

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.

Downlad the press files:
Buyback Appendix ENG Week 45