Approval of the rights issue The EGM resolved to approve the board of directors' resolution on 17 December 2020 on a new issue of class B shares with preferential rights for the shareholders (the "Rights Issue"). Not more than 28,320,697 class B shares may be issued in the Rights Issue. The subscription price is SEK 90 per share. If the Rights Issue is fully subscribed for, MTG will receive proceeds of approximately SEK 2,549 million before deduction of transaction costs. MTG’s share capital will increase by not more than SEK 141,603,485.
Those who are registered as shareholders in MTG’s share register on the record date will receive one (1) subscription right for each share held in MTG (irrespective of the share class, i.e., both holders of class A shares and holders of class B shares will receive subscription rights for new class B shares). Twelve (12) subscription rights entitle to subscription for five (5) new class B shares. The record date for determining the right to receive subscription rights is 25 January 2021. The last day of trading in MTG’s shares including the right to receive subscription rights is today, 21 January 2021. The subscription period begins on 27 January 2021 and ends on 10 February 2021.