Buy-back of shares in MTG during week 50, 2025

Between 8–12 December 2025 MTG repurchased 125,000 class B shares as part of its SEK 400 million buyback program (running 10 Oct 2025–15 May 2026), paying roughly SEK 110–112 per share for a total of SEK 13.88 million; all trades were executed on Nasdaq Stockholm by Nordea. The repurchases, carried out under MAR and the Safe Harbour Regulation, are intended to deliver shareholder value and optimize capital structure with an aim to reduce share capital through subsequent share cancellations. After these transactions MTG holds 1,081,000 class B and 6,194,343 class C shares out of 123,309,285 total shares outstanding.

Analysis

Between 8 December and 12 December 2025 Modern Times Group (MTG) repurchased 125,000 own class B shares under the SEK 400 million buyback program announced 9 October 2025; the repurchase program runs from 10 October 2025 through 15 May 2026 and trades were executed on Nasdaq Stockholm by Nordea Bank Abp, filial i Sverige. The company states the objectives are delivering shareholder value and optimizing capital structure with an intention to reduce share capital through subsequent share cancellations, and the program is being run in compliance with MAR and the Safe Harbour Regulation.

Daily weighted average prices during the week ranged from SEK 110.19 to SEK 111.68, with a total outlay of SEK 13,878,226 (≈SEK 111.03 per share) for the 125,000 shares. After these transactions MTG holds 1,081,000 class B and 6,194,343 class C shares against a total share count of 123,309,285, implying the December tranche is small relative to total shares outstanding and the SEK 400m authorization.

The modest size of this weekly execution suggests limited immediate EPS or ownership dilution impact, but it signals management willingness to use buybacks as a capital-return tool; continued repurchases or announced cancellations would be the key driver for meaningful capitalization and per‑share metrics improvement. Market signals label the news mildly positive with low market impact, so investor reaction should be measured and based on program pace rather than this single week of activity.

Key Decisions for Investors

• Consider maintaining or modestly increasing exposure on pullbacks given management's active buyback program, but treat the December purchases (SEK 13.88m) as incremental rather than transformational
• Monitor future disclosures for cumulative repurchases versus the SEK 400m authorization and any formal share cancellation announcements, as these will materially affect shares outstanding and per‑share metrics
• Watch the pace of buybacks and management commentary on capital allocation and M&A; if repurchases accelerate to a meaningful fraction of the program, reassess position sizing and valuation targets