Investor Releases
Magyar Telekom announces change in shareholder voting rights
Budapest, November 8, 2011 19:00
Magyar Telekom (Reuters:
MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian telecommunications
service provider, announces that Government Debt Management Agency Private
Company Limited by Shares (Államadósság Kezelő Központ Zártkörűen Működő
Részvénytársaság) has notified the Company that as a result of its share acquisition
on November 7, 2011 the number of Magyar Telekom shares owned by Pension Reform
and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap) increased to 52,987,673
and thus its voting rights in Magyar Telekom Plc. increased to 5.0816%.
Standard Form for major
holding notification
(for Voting rights attached to shares, and for Financial instruments)
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are attached: Magyar Telekom Plc.
2. Reason
for the notification (please tick the appropriate box or boxes):
[
X] an acquisition or disposal of voting
rights
[ ] an
acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
[ ] an event
changing the breakdown of voting rights
3. Full name of person(s)
subject to the notification obligation: Pension Reform
and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap)
4. Full name of shareholder(s)
(if different from 3.):
5. Date of the transaction and
date on which the threshold is crossed or reached: November 7, 2011
6. Threshold(s) that is/are
crossed or reached: increased above 5%
7. Notified details:
| A) Voting rights attached to shares | ||||||||
|
Class/type of shares (if possible using the ISIN CODE) |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
||||||
| Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
% of voting rights |
||||
| Direct | Direct | Indirect | Direct | Indirect | ||||
| Magyar Telekom ordinary share HU0000073507 |
below the 5% threshold | below the 5% threshold | 52,987,673 | 52,987,673 | 5.0816% | |||
| SUBTOTAL A (based on aggregate voting rights) |
||||||||
| B) Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/Date |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
| N/A | ||||
| SUBTOTAL B (in relation to all expiration dates) |
||||
| Total (A+B) | number of voting rights | %of voting rights |
| 52,987,673 | 5.0816% |
8. Chain of controlled
undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: -
9. In case of proxy voting: -
10. Additional information:
- before the current transaction the acquisition of shares representing voting rights happened in the frame of an asset reallocation in accordance with Section 1 of Act CLIV of 2010 on the Pension Fund Reform and Debt Reduction Fund and the modifications of certain acts relating to the free choice of pension funds (“Act on Pension Fund Reform”), while the current transaction was a spot transaction based on Section 7 f) of the Act on Pension Fund Reform and based on Section 7 of the Government Decree no. 87/2011. (V.31.) about the implementation of the above Act (protection of the asset value belonging to the Fund, and managing and reducing risks related to the asset holdings);
- in accordance with the Act on Pension Fund Reform the fund manager of the Pension Reform and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap) is Government Debt Management Agency Private Company Limited by Shares (Államadósság Kezelő Központ Zártkörűen Működő Részvénytársaság) (registered seat: H-1027 Budapest, Csalogány utca 9-11).
This investor news contains forward-looking statements. Statements that are not historical facts, including statements about
our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections,
and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are
made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Report on Form 20-F for the year ended December 31, 2010 filed with the U.S. Securities and Exchange Commission.