Press Releases

Budapest, November 15, 2006 14:30

Magyar Telekom announced that the General Meeting held today was closed without discussing the agenda items. As a result, no decision has been made on the company's 2005 annual report and on the dividend payment.

The General Meeting called by Magyar Telekom's Supervisory Board on its own initiative was held today. As the necessary documents were not published within the legal timeframe, the conditions for holding a valid GM were not met. Therefore the GM was closed without discussing the agenda items, which included the approval of the 2005 annual financial reports and the dividend payment. As announced on November 2, 2006, Magyar Telekom's management was not in a position to disclose the proposed resolutions prescribed by the Act on Business Associations and the company's Articles of Association the required 15 days prior to the date of the General Meeting, as the submissions for the General Meeting were not available.