The share buy-backs form a part of the share repurchase program of a maximum of 4,018,414 shares for a maximum amount of SEK 200 million, which MTG announced on 17 June 2022. The share repurchase program, which runs during the period 20 June 2022 - 20 October 2022, 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 on the commitment to return money to shareholders and to simultaneously optimize the capital structure of the company and 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)
01/08/ 86,000 102.2874 8,796,716.40
02/08/ 34,405 102.6678 3,532,285.66
03/08/ 24,542 104.9852 2,576,546.78
04/08/ 37,685 105.7826 3,986,417.28
05/08/ 57,981 105.1766 6,098,244.44
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 5 August 2022 amounts to 3,502,842 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 135,089,808.
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.