MTG EGM to vote on up to 20% B share issue after NENT split, MTG plans no dividends in foreseeable future

Tuesday 15 January 2019 | 12:20 CET | News
Modern Times Group has called an Extraordinary General Meeting (EGM) for 07 February to vote on the distribution of all the shares in Nordic Entertainment (NENT Group) to MTGs shareholders. There will be a motion to allow the issue of B shares to fund acquisitions by MTG, particularly in gaming. However, MTG says it does not expect to pay dividends or buy back shares in the foreseeable future.

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Categories: Broadcast & Satellite / Internet
Companies: Modern Times Group / Nordic Entertainment / Nova
Countries: Sweden
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