Brief: MTG Launches SEK 300 Million Share Repurchase Program

Modern Times MTG AB

01/09/2023 13:20

Sept 1 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG LAUNCHES SEK 300 MILLION SHARE REPURCHASE PROGRAM,
STARTING
ON 4 SEPTEMBER
    * INTENTION IS TO BEGIN REPURCHASING SHARES ON 4 SEPTEMBER
    * PROGRAM WILL RUN UNTIL 31 DECEMBER 2023
    * REPURCHASED SHARES SHALL BE CANCELLED THROUGH A REDUCTION
OF
GROUP'S SHARE CAPITAL, WHICH REQUIRES AN APPROVAL FROM ANNUAL
GENERAL MEETING
    * REPURCHASES ARE TO BE MADE ON NASDAQ STOCKHOLM AND IN
ACCORDANCE
WITH NASDAQ STOCKHOLM'S RULE BOOK FOR ISSUERS, MAR AND SAFE
HARBOUR REGULATION
    * REPURCHASES OF SHARES ON NASDAQ STOCKHOLM ARE TO BE MADE
AT A
PER-SHARE PRICE WITHIN REGISTERED INTERVAL FOR GOING RATE AT ANY
GIVEN TIME, WHICH DENOTES INTERVAL BETWEEN HIGHEST PURCHASE
PRICE AND LOWEST SELLING PRICE
    * PAYMENT FOR SHARES WILL BE MADE IN CASH

Source text for Eikon:  ID:nWkr3zDlpN 
Further company coverage:  MTGb.ST 

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