The share buy-backs form a part of the share repurchase program of a maximum of 4,618,818 shares for a maximum amount of SEK 400 million, which MTG announced on 25 October 2022. The share repurchase program, which runs from 27 October 2022 up and until the Annual General Meeting 2023, 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 Weighted average Total daily
volume (number of share price per day transaction value
shares) (SEK) (SEK)
06/03/ 75,000 72.8400 5,463,000.00
07/03/ 75,000 71.5600 5,367,000.00
08/03/ 35,000 70.7616 2,476,655.90
09/03/ 34,245 70.4381 2,412,152.06
10/03/ 35,755 69.3275 2,478,804.51
All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of MTG. Following the above acquisitions, MTG's holding of own shares as of 10 March 2023 amounts to 5,795,433 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 134,035,940.
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.