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 Board of Directors has
reviewed the 2009 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 74 per share (par value HUF
100) for the financial year 2009 for approval to the Annual General Meeting.
Investor Releases
2010. 02. 26. 12:30:15
Budapest,
The
proposed dividend level of HUF 74
per share is in line with Magyar Telekom’s dividend policy of maintaining its
net debt ratio (net debt to net debt plus total equity) within the targeted
range of 30-40%. At the same time, it reflects the Group’s solid financial
position and cash flow generation in 2009, despite the unfavorable operating
environment.
Magyar
Telekom will hold its Annual General Meeting on 7ththth
This investor news contains 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 Report on Form 20-F for the year ended December 31, 2008 filed with the U.S. Securities and Exchange Commission.
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