Buy-back of shares in MTG during week 36, 2024

Buy-back of shares in MTG during week 36, 2024

Stockholm
September 10, 2024
18.00 CEST
During the period between 2 September and 6 September 2024 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) (“MTG”) repurchased, in total, 100,912 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors.

The share buy-backs form a part of the share repurchase program of a maximum of 5,789,385 shares for a maximum amount of SEK 400 million, which MTG announced on 16 May 2024. The share repurchase program, which runs from 17 May 2024 up until and including 30 April 2025, 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)
02/09/2024 22,000 76.1093 1,674,404.60
03/09/2024 22,000 75.4837 1,660,641.40
04/09/2024 22,000 75.4325 1,659,515.00
05/09/2024 20,105 77.0290 1,548,668.05
06/09/2024 14,807 77.2352 1,143,621.61
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All acquisitions have been carried out on Nasdaq Stockholm by Kepler Cheuvreux on behalf of MTG. Following the above acquisitions, MTG’s holding of own shares as of 6 September 2024 amounts to 2,107,306 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 128,310,627. The number of own Class B shares held by MTG and the total number of shares in MTG reflect the cancellation of 3,358,100 Class B shares on 5 August 2024. 

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.

For more information:

Anton Gourman, VP Communications and IR

Direct: +46 73 661 8488, anton.gourman@mtg.com

Follow us: mtg.com / LinkedIn

Om MTG

MTG (Modern Times Group MTG AB (publ)) (www.mtg.com) är en internationell mobilspelskoncern som äger och driver spelutvecklare med globalt populära titlar som sträcker sig över en bred uppsättning genrer inom casual- och midcore-spel. Koncernen fokuserar på att accelerera portföljbolagens tillväxt och stödja grundare och entreprenörer. MTG är en aktiv aktör i den pågående konsolideringen av spelindustrin och en strategisk köpare av gamingbolag världen runt. Vi kommer från Sverige men har en internationell kultur och globalt fotavtryck. Våra aktier är noterade på Nasdaq Stockholm under symbolerna MTGA och MTGB.

Download the press files:
Buyback Appendix ENG Week 36