Investor News
Magyar Telekom purchased treasury shares from the ESOP Organization
Budapest, June 29, 2018 13:00
Magyar Telekom
(Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter
the “Company”), the leading
Hungarian telecommunications service provider, hereby announces that on June 28, 2018, to enable the operation of the
incentive program based on the remuneration policy announced on March 28, 2018, the
Company purchased 443,780 Magyar Telekom
ordinary shares (HU0000073507) over the counter from the Magyar Telekom Plc.
Employee Share Ownership Program Organization (ESOP Organization) at HUF 401 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 this transaction
Magyar Telekom holds 3,873,928 treasury shares.
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, 2017 available on our
website at
https://www.telekom.hu.