The Board of Directors of Magyar Telekom decided on setting a shareholder remuneration policy for the 2022-2024 period in 2022. The policy envisages growth in annual shareholder remuneration as a combination of dividend payments and share buybacks in line with improvements in the Company’s financial performance. Going forward, the total value of annual shareholder remuneration is expected to be between 60% and 80% of the Company's annual adjusted “profit attributable to the owners of the parent” (adjusted net income) generated during the preceding financial year.
Magyar Telekom’s Board of Directors approves shareholder remuneration policy for 2022-2024
Magyar Telekom executed share buybacks between June 19, 2024 and June 26, 2024 on the Budapest Stock Exchange and purchased a total of 21,200,065 Magyar Telekom ordinary shares in the value of HUF 22.3 billion. After considering that over 90% of the envisaged maximum share buyback value was realized in June 2024, the Company decided to schedule the continuation of the share buyback to the spring of 2025.