Brief: MTG Launches New Share Repurchase Program Which Starts On 20 June
June 17 (Reuters) - Modern Times Group MTG AB MTGb.ST :
* MTG LAUNCHES NEW SHARE REPURCHASE PROGRAM WHICH STARTS ON
20
JUNE
* PROGRAM IS PART OF COMMITMENT TO RETURN APPROXIMATELY AT
LEAST
40% OF NET PROCEEDS FROM DIVESTMENT OF ESL GAMING TO GROUP'S
SHAREHOLDERS
* AMBITION IS TO REPURCHASE SHARES FOR A TOTAL AMOUNT OF UP
TO SEK
200 MILLION, UNTIL 20 OCTOBER 2022
Source text for Eikon: ID:nWkr1tbcZN
Further company coverage: MTGb.ST
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Modern Times MTG AB
See all newsAnalysis: Global firms exploit India's IPO boom to take profits back to home countries
Brief: MTG Launches Sek 500 Mln Share Repurchase Program
Brief: MTG Expects 2026 Adjusted EBITDA Margin In Range Of 22-24%
Sweden mobile gaming group MTG's Q1 sales and adjusted EBITDA beat estimates
Sweden's Modern Times unit PlaySimple files for $350 million India IPO (updated)