Brief: MTG Announces Terms Of Its Rights Issue

Modern Times MTG AB

18/01/2021 07:09

Jan 18 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG ANNOUNCES THE TERMS OF ITS RIGHTS ISSUE
    * MTG ANNOUNCES THE TERMS OF ITS RIGHTS ISSUE
    * SUBSCRIPTION PRICE IS SEK 90 PER SHARE.
    * TWELVE (12) SUBSCRIPTION RIGHTS ENTITLE TO SUBSCRIPTION
FOR FIVE
(5) NEW CLASS B SHARES
    * ONLY CLASS B SHARES WILL BE ISSUED. MAXIMUM NUMBER OF
CLASS B
SHARES THAT MAY BE ISSUED IS 28,320,697
    * SUBSCRIPTION PERIOD BEGINS ON 27 JANUARY 2021 AND ENDS ON
10
FEBRUARY 2021.
    * IF RIGHTS ISSUE IS FULLY SUBSCRIBED FOR, MTG WILL RECEIVE
PROCEEDS OF APPROXIMATELY SEK 2,549 MILLION BEFORE DEDUCTION OF
TRANSACTION COSTS.

Source text for Eikon:  ID:nWkr9chL39 
Further company coverage:  MTGb.ST 

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