0
Broadband

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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTG AGM resolves to carry forward FY profit, reach deal with third party for share transfer to incentive plan

Published 21 May 2019 15:29 CET | Sweden
Modern Times Group (MTG) said that shareholders at its AGM on 21 May passed a motion to carry forward retained earnings, the ...

MTG bondholders approve change of issuer to NENT

Published 20 Feb 2019 12:16 CET | Sweden
Modern Times Group (MTG) said the holders of its SEK 500 million worth of ISIN SE0009163462 bonds maturing in 2020 have approved ...

MTG EGM votes on favour of NENT share distributon

Published 07 Feb 2019 13:01 CET | Sweden
Modern Times Group (MTG) said shareholders at its Extraordinary General Meeting (EGM) on 06 February voted in favour of the ...

MTG withdraws proposal to issue up to 20% of B shares

Published 31 Jan 2019 13:47 CET | Sweden
Modern Times Group (MTG) said it has withdrawn the proposal to the Extraordinary General Meeting (EGM) on 07 February to vote on ...

AVoD accounts for quarter of Nordic video advertising revenue

Published 30 Jan 2019 14:08 CET | Scandinavia | Update: 31 Jan 2019 12:03 CET
Ad-based video on demand (AVoD) is currently capturing approximately one quarter of Nordic video advertising marketing revenue, ...

MTG names head of communications and IR, loses CEO of International Entertainment and MTGx video content

Published 18 Jan 2019 12:29 CET | Sweden
Modern Times Group (MTG) has announced the appointment of Lars Torstensson as executive vice-president and head of communications ...

MTG aims to change issuer name to NENT for SEK 500 mln bonds maturing in 2020

Published 17 Jan 2019 16:46 CET | Sweden
Modern Times Group (MTG) said that it is soliciting approval from holders of its bonds number ISIN SE0009163462, amounting to SEK ...

MTG drops deal to sell Nova to PPF, starts talks with new potential buyers

Published 08 Jan 2019 12:06 CET | Bulgaria | Update: 08 Jan 2019 12:56 CET
Modern Times Group (MTG) said that it has secured a SEK 1 billion credit facility from Nordea, to provide more funding after the ...

MTG lifts Q3 operating profit 28%, sales up 3% on organic basis

Published 23 Oct 2018 12:26 CET | Sweden
Modern Times Group (MTG) said that the third quarter of 2018 was another quarter of top and bottom line growth, with a 28 percent ...

MTG, NENT renew SEK 4 bln credit facility

Published 15 Aug 2018 11:58 CET | Sweden
Modern Times Group (MTG) said that it and its subsidiary Nordic Entertainment Group (NENT) have jointly agreed a five-year, SEK 4 ...

Modern Times Group spins off Nordic Entertainment as listed company

Published 23 Mar 2018 12:26 CET | Sweden
Modern Times Group (MTG) has decided to split into two companies, one for e-sports, gaming and digital entertainment, and the ...