As of 9 August 2018, the Kinnevik share will be traded without the right to receive shares in MTG.
The MTG class B shares are expected to be distributed to Kinnevik's shareholders on or around 14 August 2018.
Kinnevik's board has also resolved to propose the EGM to authorise the board of directors to determine the record date of the distribution of Kinnevik's shares in MTG.
The record date will be set after the reclassification of Kinnevik's MTG class A shares into class B shares.
The members of the nomination committee have been appointed by shareholders that jointly represent approximately 55% of the votes in MTG.
Reportedly, these shareholders together own approximately 54% of the voting rights in MTG.
Also, the members of the nomination committee will appoint a chairman at their first meeting.
Patrick Svensk, chairman and CEO of Nice Entertainment Group and EVP of Content MTG, is leaving MTG.
The payment will comprise an undisclosed cash consideration and the transfer of the exclusive Danish broadcasting rights to the European Handball Championships for 2016 and 2018, which are currently held by MTG.
"We have delivered another quarter of record results with strong double digit organic sales growth, healthy margins, and continued investment in existing and new businesses," said Hans-Holger Albrecht, president and CEO of MTG.
This will enable us to realise significant operational synergies and focus on taking increased viewing and market shares," said Hans-Holger Albrecht, president and CEO of MTG.
It also provides us with the continued flexibility to invest in our existing and new businesses and enhance shareholder returns moving forward," said Hans-Holger Albrecht, president and CEO of MTG.