Annual General Meeting - April 8, 2020

General Meeting

Magyar Telekom will not hold its Annual General Meeting on April 8, 2020


Due to the situation caused by the coronavirus epidemic (Covid-19), having regard to applicable laws (in particular Section 4 of Government Decree no. 46/2020 (III.16.)) and publicly available information, the Company hereby announces that it sees no possibility to hold its AGM on April 8, 2020.

This conclusion is fully in line with the Company’s commitment to the highest standards of social responsibility. In the current situation the Company’s primary concern is the health of its employees, shareholders, officers, partners and customers.

The fact that the AGM will not be held on its scheduled date will have an inevitable impact on the timing of the payout of the dividend for the 2019 business year and the implementation of the share buyback program initiated by the Board of Directors, as well as the timing of other corporate governance decisions.

Notwithstanding the foregoing, in line with the standards of utmost transparency, today the Company will publish on its web site its audited 2019 Consolidated and Separate Financial Statements, which the Board of Directors proposes for approval to the General Meeting.

The Company will continue to monitor the future improvement of circumstances concerning the epidemic and applicable laws, authority decisions and communication; and it will inform its Shareholders in due course regarding the new date, venue of and other information concerning the AGM.

Time and Venue of the General Meeting

Annual General Meeting - April 8, 2020


The Board of Directors of Magyar Telekom Telecommunications Public Limited Company hereby notifies the Distinguished Shareholders of the Company that it convenes its Annual General Meeting at 11.00 a.m. on April 8, 2020.

Time: at 11:00 a.m. on April 8, 2020 
Venue: The Headquarters of Magyar Telekom Puskás Tivadar conference hall
1097 Budapest, 9th district, Könyves Kálmán krt. 36. 
Agenda of the General Meeting
1.  Report of the Board of Directors on the management of Magyar Telekom Plc., on the business operation, on the business policy and on the financial situation of the Company and Magyar Telekom Group in 2019;  
2.  Approval of the 2019 Consolidated Financial Statements of the Company prepared according to International Financial Reporting Standards (IFRS); presentation of the relevant report of the Supervisory Board, the Audit Committee and the Auditor;  
3.  Approval of the 2019 Separate Financial Statements of the Company prepared according to International Financial Reporting Standards (IFRS); presentation of the relevant report of the Supervisory Board, the Audit Committee and the Auditor;  
4.  Proposal of the Board of Directors for the use of the profit for the year earned in 2019; presentation of the relevant report of the Supervisory Board, the Audit Committee and the Auditor; use of the profit for the year earned in 2019;  
5.  Information of the Board of Directors on the purchase of treasury shares following the Annual General Meeting in 2019; authorization of the Board of Directors to purchase ordinary Magyar Telekom shares;  
6.  Approval of the Corporate Governance and Management Report 
7.  Discharging the members of the Board of Directors from liability;  
8.  Amendment of the Articles of Association  
9.  Election of member(s) of the Board of Directors;  
10.  Election of members of the Supervisory Board and the Audit Committee;  
11.  Remuneration of the members of the Board of Directors, the Supervisory Board and the Audit Committee;  
12.  Advisory vote on the Remuneration Policy pursuant to Act no LXVII of 2019;  
13.  Election and determination of the remuneration of the Company’s Statutory Auditor, and determination of the contents of the material elements of the contract to be concluded with the Statutory Auditor.