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Cision Press Releases

Buy-back of shares in MTG during week 39, 2024




During the period between 23 September and 27 September 2024 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) (“MTG”) repurchased, in total, 109,638 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)
23/09/2024 21,638 75.6858 1,637,689.34
24/09/2024 22,000 74.9728 1,649,401.60
25/09/2024 22,000 76.0939 1,674,065.80
26/09/2024 22,000 78.0851 1,717,872.20
27/09/2024 22,000 79.2471 1,743,436.20

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 27 September 2024 amounts to 2,377,428 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

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 under the tickers MTGA and MTGB.

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