The share buy-backs form a part of the share repurchase program of a maximum of 4,018,414 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) | ||
| 04/07/2022 | 22,905 | 84.5169 | 1,935,859.59 | ||
| 05/07/2022 | 70,254 | 85.4909 | 6,006,077.69 | ||
| 06/07/2022 | 36,599 | 84.3152 | 3,085,852.00 | ||
| 07/07/2022 | 58,860 | 86.4164 | 5,086,469.30 | ||
| 08/07/2022 | 30,471 | 87.4518 | 2,664,743.80 |
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 8 July 2022 amounts to 2,074,718 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 117,015,055.
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.
This disclosure contains information that MTG is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 11-07-2022 18:30 CET.
For more information:
Anton Gourman, VP Communications and IR Direct: +46 73 661 8488, anton.gourman@mtg.com
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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 (‘MTGA’ and ‘MTGB’).
