Brief: MTG: Rights Issue Oversubscribed According To Preliminary Estimate

Modern Times MTG AB

11/02/2021 13:17

Feb 11 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG'S PRELIMINARY ESTIMATE IS THAT ITS RIGHTS ISSUE HAS
BEEN
OVERSUBSCRIBED
    * FINAL COUNT OF NUMBER OF CLASS B SHARES SUBSCRIBED FOR IN
RIGHTS
ISSUE IS STILL ONGOING
    * ACCORDINGLY, PRELIMINARY ESTIMATES INDICATE THAT RIGHTS
ISSUE
HAS BEEN OVERSUBSCRIBED BY 101.8 PER CENT.
    * A FULLY SUBSCRIBED RIGHTS ISSUE WILL PROVIDE MTG WITH
PROCEEDS
OF SEK 2,549 MILLION BEFORE DEDUCTION OF TRANSACTION COSTS.

Source text for Eikon:  ID:nWkr8RDbwD 
Further company coverage:  MTGb.ST 

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