Press Releases

Budapest, February 21, 2018 10:00

Magyar Telekom’s Board of Directors has reviewed the 2017 financial statements of Magyar Telekom Plc. as parent company and those of Magyar Telekom Group prepared in accordance with IFRS, and proposes them for approval to the Annual General Meeting. The Board of Directors also proposes a dividend payment of HUF 25 a share for the business year 2017 for approval at the Annual General Meeting.

The Company’s dividend policy seeks to maintain its net debt ratio (net debt to total capital) within the 30-40% range, whilst also taking into account the Group’s future financial position.

Magyar Telekom will hold its Annual General Meeting on April 10, 2018. The Board of Directors proposes the record date of the dividend payment to be on May 15, 2018 and the first day of dividend disbursement on May 25, 2018. The actual amount of dividend paid to shareholders is calculated and paid based on the Company’s Articles of Association, so the Company distributes the dividends for its treasury shares among the shareholders who are entitled for dividends.