Investor News

Budapest, February 21, 2018 10:00

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB,hereinafter “Magyar Telekom” or the “Company”), the leading Hungarian telecommunications service provider, announces that the Board of Directors has reviewed the 2017 financial statements of Magyar Telekom Plc. as a 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.

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, 2016 available on our website at https://www.telekom.hu.