Buy-back of shares in MTG during week 49, 2025

Modern Times Group repurchased 120,000 Class B shares between Dec. 1–5, 2025 as part of a SEK 400m buyback program announced Oct. 9, 2025; the five-day purchases executed on Nasdaq Stockholm by Nordea totaled about SEK 13.81m (≈SEK 115 per share). The program, running through May 15, 2026 and conducted under MAR and the Safe Harbour Regulation, is intended to deliver shareholder value and optimize MTG’s capital structure with the intention to cancel repurchased shares; after these transactions MTG holds 956,000 Class B and 6,194,343 Class C shares out of 123,309,285 total shares.

Analysis

Modern Times Group executed repurchases of 120,000 Class B shares between 1–5 December 2025, buying 24,000 shares each day at weighted average prices of SEK 118.4271, 116.7029, 114.0478, 112.8001 and 113.2390, for a five‑day total of SEK 13,805,205. All trades were executed on Nasdaq Stockholm by Nordea Bank Abp’s Swedish branch and reported under MAR and the Safe Harbour Regulation.

The purchases are part of a SEK 400 million buyback program announced 9 October 2025 that runs through 15 May 2026; the five‑day activity consumed roughly 3.5% of the program value. Management states the objectives are to deliver shareholder value and optimize capital structure, with an intention to reduce share capital through subsequent cancellations, which would mechanically raise EPS and owner concentration for remaining shares.

Near‑term market impact is likely limited given the modest draw on the SEK 400m authorization and the small absolute value of shares repurchased (SEK ~13.8m). Investors should monitor the cumulative pace of repurchases versus the program ceiling, the timing and execution of planned cancellations, and any concurrent M&A activity given MTG’s stated focus on accretive consolidation, as these factors will determine meaningful capital‑structure and valuation effects.

Key Decisions for Investors

• Maintain or modestly overweight existing MTG positions while monitoring the cumulative amount spent under the SEK 400m program and the pace of further repurchases,
• Watch for formal share cancellation announcements and model the EPS impact once cancellations are completed before making larger allocation changes,
• Reassess exposure if management reallocates buyback funds to M&A given MTG's stated focus on accretive consolidation, and consider hedging near‑term if you expect limited immediate upside from the current small repurchase run