Investor Releases
MakTel buys additional 0.1% of its shares from the Macedonian Government
Budapest, June 12, 2006
Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider, today announced that Makedonski Telekomunikacii AD (MakTel) had bought an additional 0.1% of the company’s shares for EUR 0.6mn at the auction held by the Macedonian Government.
The Macedonian Government auction to sell shares in MakTel was held between 5th and 9th of June, 2006. During the auction, MakTel bought a total of 10% of the company’s shares (9.9% plus 0.1%), while 0.3% was sold to other investors.
Following the share purchase transaction, Magyar Telekom’s voting rights in MakTel, through its subsidiary Stonebridge, reached 56.7%. In terms of share ownership, Magyar Telekom (through Stonebridge) has 51%, the government 36.81%, IFC 1.88% and minority shareholders 0.31% of MakTel’s shares, while 10% is held by MakTel as treasury shares.
Since the number of shareholders has increased to above 100, the Macedonian Securities Law requires MakTel to comply with the reporting requirements of the country’s Securities and Exchange Commission.
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