Press Releases

Budapest, April 12, 2013 15:30

Magyar Telekom Plc. (the “Company”)held its Annual General Meeting (the “AGM”) on April 12, 2013. The AGM approved the audited standalone and consolidated annual financial statements of the Company, as well as the Corporate Governance and Management Report of the Company for the business year of 2012 and it decided to pay a dividend of HUF 50 per ordinary share from the 2012 profit. The report of the Board of Directors on the management of the Company, on the business operation, on the business policy and on the financial situation of the Company and the Magyar Telekom Group in 2012 was presented to the shareholders. Reports of the Supervisory Board, the Audit Committee and the Auditor were also presented.The AGM elected new Board of Directors, Supervisory Board and Audit Committee members and elected the Auditor of the Company.

The AGM approved the 2012 consolidated financial statements ofthe Company prepared in accordance with the International Financial Reporting Standards (IFRS) as endorsed by the EU, including balance sheet total assets of HUF 1,057,844 million and a profit of HUF 45,855 million. The AGM also approved the 2012 standalone financial statements prepared in accordance with the Hungarian Accounting Regulations (HAR), including balance sheet total assets of HUF 880,312 million and an after-tax net income of HUF 30,792 million.

Furthermore, the AGM resolved on the use of the 2012 profit after tax. The Company will pay a dividend of HUF 50 per ordinary share with a face value of HUF 100 from the 2012 profit. The Company will pay the dividend of HUF 52,117,584,050 from the after-tax profits of HUF 30,791,563,578 based on HAR figures, and the remaining HUF 21,326,020,472 from retained earnings.
The first day of the dividend payment will be May 16, 2013. Shareholders who hold Magyar Telekom shares in their securities accounts on May 9, 2013 will be entitled to a dividend. The Board of Directors will publish a detailed announcement on the order of dividend payment on Magyar Telekom’s corporate website and on the website of the Budapest Stock Exchange on April 22, 2013.

The AGM authorized the Board of Directors to purchase Magyar Telekom ordinary shares through the stock exchange. The shares to be purchased on the basis of the authorization together with the treasury shares already held by the Company shall not at any time exceed more than 10% of the share capital effective at the date of granting the authorization (i.e. up to 104,274,254 ordinary shares with a face value of HUF 100 each) of the Company.

The AGM reviewed and approved the Corporate Governance and Management Report for the business year of 2012 of the Company, and, having evaluated the performance of the members of the Board of Directors in the preceding financial year, resolved to grant the relief from liability to the Board members regarding the 2012 business year.

The AGM elected new Board of Directors, Supervisory Board and Audit Committee members as the mandate of the members of Magyar Telekom Plc’s Board of Directors and Supervisory Board as well as Audit Committee expired at the AGM.

Pursuant to the decision adopted by the shareholders, the members of the Board of Directors are as follows:Christopher Mattheisen,Dr. Ferri Abolhassan, Kerstin Günther, Thilo Kusch, György Mosonyi, Günter Mossal, Frank Odzuck, dr. Mihály Patai, dr. Ralph Rentschler, Branka Skaramuca.

Members of the Supervisory Board:Dr. László Pap, Dr. János Bitó,Attila Bujdosó (employee representative), Dr. János Illéssy,Dr. Sándor Kerekes,Konrad Kreuzer,Tamás Lichnovszky (employee representative),Martin Meffert, Éva Őz (employee representative), Dr. Károly Salamon, Mrs. Zsoltné Varga (employee representative), Dr. Konrad Wetzker.

Members of the Audit Committee:Dr. János Illéssy,Dr. János Bitó,Dr. Sándor Kerekes,Dr. László Pap,Dr. Károly Salamon.

The mandate of the elected officials will expire on May 31, 2016, provided that if the Annual General Meeting is held before May 31 of the year in which such mandate expires, the mandates are to expire on the day of the General Meeting.

The AGM elected PricewaterhouseCoopers Könyvvizsgáló Kft. as the Auditor of the Company, to perform the auditing tasks concerning the year 2013, i.e. for the period ending on May 31, 2014 or the day of the Annual General Meeting closing the 2013 business year. The AGM approved the contents of the material elements of the contract to be concluded with the Auditor.