Investor News

Budapest, December 15, 2017 16:00

Budapest – December 15, 2017 – Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider, hereby announces that on December 14, 2017, to enable the operation of the incentive program based on the new remuneration policy announced in the interim financial report on May 10, 2017, the Company purchased 71,446 Magyar Telekom ordinary shares (HU0000073507) over the counter from the Magyar Telekom Plc. Employee Share Ownership Program Organization (ESOP Organization) at HUF 461 per share in order to harmonize the number of shares held by the ESOP Organization and the number of employees having members’ shares in the ESOP Organization. Following the transaction the number of treasury shares held by Magyar Telekom increased to 608,649.

 

This investor news may contain 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 Reports for the year ended December 31, 2016 available on our website at https://www.telekom.hu.