ABGSC acted as Sole Global Coordinator and Sole Bookrunner in the SEK 1.1 billion directed share issue in Modern Times Group

Modern Times Group MTG AB (“MTG” or the “Company”) yesterday announced the successful completion of a directed issue of approx. 9.7 million new shares (the “Share Issue”), raising gross proceeds of approx. SEK 1.1 billion at a subscription price of SEK 112.9 per share corresponding to a discount of 3.0 percent compared to the closing price. The Share Issue was significantly oversubscribed and directed to Swedish and international institutional investors, including certain existing institutional shareholders and Atairos, an independent private company focused on supporting growth-oriented businesses with a unique combination of active strategic partnership and long-term capital.
MTG intends to use the proceeds from the Share Issue to finance the acquisition of New Zeeland based game developer Ninja Kiwi and to enhance the Company’s future financial flexibility. The acquisition of Ninja Kiwi marks an important additional step in the journey to reach further organic and acquisitive growth for MTG and is in line with the Company’s overall strategy to further build up a diversified gaming vertical.
ABG Sundal Collier acted as Sole Global Coordinator and Sole Bookrunner in the Share Issue and it is the second transaction ABG Sundal Collier has assisted MTG with in 2021, followed by the SEK 2.5 billion rights issue completed in February