Magyar
Telekom announces that the Board of Directors has reviewed the 2015 annual
reports of Magyar Telekom Plc. prepared in accordance with Hungarian Accounting
Rules (HAR), 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
Magyar Telekom’s Board of Directors’ announcement regarding 2015 dividend
2016. 02. 24. 11:30:00
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. The Company does not expect that the dividend payment as proposed by the Board of Directors would jeopardize the dividend policy; the net debt ratio is on a downward trajectory and thus the Company expects that the net debt ratio will approach the targeted range between 30-40% in the upcoming years.
Magyar Telekom will hold its Annual General Meeting on April 12, 2016. The Board of Directors proposes the record date of the dividend payment to be on May 13, 2016 and the first day of dividend disbursement on May 25, 2016.
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