Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and
Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian
telecommunications service provider, announces that the first instance Court
ruled on May 13, 2009 to annul the resolutions (except for one procedural
resolution) passed by the AGM on April 25, 2008.
Investor Releases
2009. 05. 15. 16:50:19
Budapest, May 13, 2009
As it was disclosed on May 26, 2008, two Hungarian minority shareholders filed a law suit against the Company on May 23, 2008, requesting the Court to annul the resolutions passed by the AGM on April 25, 2008, including the resolution on the payment of dividends.
Magyar Telekom believed the suit to be without merit and has been vigorously defending against it. The dividend payment was executed as decided by the shareholders on April 25, 2008.
Magyar Telekom believes the ruling, which is not final, to be unfounded and will appeal against it.
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 Report on Form 20-F for the year ended December 31, 2007 filed with the U.S. Securities and Exchange Commission.
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