Magyar Telekom (Reuters: MTEL.BU and Bloomberg:
MTELEKOM HB), the leading Hungarian telecommunications service provider,
announces that Government Debt Management Agency Private Company Limited by
Shares (Államadósság Kezelő Központ Zártkörűen Működő Részvénytársaság) has notified
the Company that as a result of its share disposal on December 9, 2011 the
number of Magyar Telekom shares owned by Pension Reform and Debt Reduction Fund
(Nyugdíjreform és Adósságcsökkentő Alap) decreased to 51,887,763 and thus its voting
rights in Magyar Telekom Plc. decreased to 4.9761%.
Magyar Telekom announces change in shareholder voting rights
2011. 12. 12. 17:45:00
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are attached: Magyar Telekom Plc.
2. Reason
for the notification (please tick the appropriate box or boxes):
[X] an acquisition or disposal of voting
rights
[ ] an
acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
[ ] an event
changing the breakdown of voting rights
3. Full name of person(s)
subject to the notification obligation: Pension Reform
and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap)
4. Full name of shareholder(s)
(if different from 3.):
5. Date of the transaction and
date on which the threshold is crossed or reached: December 9, 2011
6. Threshold(s) that is/are
crossed or reached: 5%
7. Notified details:
of shares
(if possible
using the
ISIN CODE)
to the Triggering
transaction
the triggering transaction
of
shares
of voting
rights
of
shares
voting rights
rights
ordinary share
(based on
aggregate
voting rights)
financial
instrument
Date
Period/Date
rights that may be
acquired if the
instrument is
exercised/converted
(in relation to all
expiration dates)
8. Chain of controlled
undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: -
9. In case of proxy voting: -
10. Additional information:
- before the current transaction the acquisition of shares representing voting rights happened in the frame of an asset reallocation in accordance with Section 1 of Act CLIV of 2010 on the Pension Fund Reform and Debt Reduction Fund and the modifications of certain acts relating to the free choice of pension funds (“Act on Pension Fund Reform”), while the current transaction was a spot transaction based on Section 7 f) of the Act on Pension Fund Reform and based on Section 7 of the Government Decree no. 87/2011. (V.31.) about the implementation of the above Act (protection of the asset value belonging to the Fund, and managing and reducing risks related to the asset holdings);
- in accordance with the Act on Pension Fund Reform the fund manager of the Pension Reform and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap) is Government Debt Management Agency Private Company Limited by Shares (Államadósság Kezelő Központ Zártkörűen Működő Részvénytársaság) (registered seat: H-1027 Budapest, Csalogány utca 9-11).
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, 2010 filed with the U.S. Securities and Exchange Commission.
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