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 it has today provided written notice to the New York Stock
Exchange (NYSE) of its intention to delist its American Depositary Shares (ADSs)
from the Exchange. Furthermore, the Company plans to file the related Form 25
with the Securities and Exchange Commission (SEC) on November 2, 2010. Magyar
Telekom expects the delisting to become effective on or about November 12,
2010, from which time the Company's ADSs will no longer be traded on the NYSE.
Investor Releases
2010. 10. 20. 15:00:22
Asannounced earlier
The Company remains
committed to serving its investor base in the United States; however at the
same time it remains committed to meeting the criteria for deregistering its
securities and terminating its reporting obligations under the applicable U.S.
securities laws and regulations as soon as reasonably possible. Consequently,
the Company’s aim is to meet the applicable criteria for deregistration of its
securities and if for any reason it does not meet the criteria for
deregistration following the delisting, the Company may decide in the future to
take further actions.
The Company will maintain
its primary listing on the Budapest Stock Exchange and will continue to make
English translations of its annual reports, financial statements and investor
releases available on its website at www.telekom.hu where
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, 2009 filed with the U.S. Securities and Exchange Commission.
Investor News Frequently asked questions regarding delisting and deregistration
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