MTG completes changes in ownership

MTG completes changes in ownership
Editor
| 17 August 2018

Yet more corporate restructuring at Nordic pay-TV firm Modern Times Group (MTG) as its parent company, Swedish investment company Kinnevik AB, has now completed the previously announced distribution of all of its MTG shares to its shareholders.

mtg 11august2017Its notification to the Swedish financial supervision authority, Kinnevik has distributed a total of 13,503,856 MTG Class B shares to its shareholders. This total includes 4,461,691 MTG Class B shares that have been recently reclassified from MTG Class A shares. As a result, the total registered number of MTG shares is 67,647,124 and comprises 545,662 Class A shares (with 10 voting rights per share), 66,441,462 Class B shares (with one voting right per share), and 660,000 Class C shares (with no voting rights and held in Treasury by MTG for the purpose of the company’s incentive plans).
MTG will disclose the new number of shares and votes in the company on 31 August 2018.

The move comes only days after MTG and its newly created Nordic Entertainment Group (Nent) subsidiary jointly agreed a SEK 4 billion five-year revolving credit facility.