Investor News

Magyar Telekom purchased treasury shares

Budapest, May 25, 2018 12:00

Budapest – May 25, 2018 – Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider, hereby announces that on May 24, 2018, to enable the operation of the incentive program based on the remuneration policy announced on March 28, 2018, the Company purchased 151,380 Magyar Telekom ordinary shares (HU0000073507)at an average price of HUF 417 per share. The share purchase was carried out on the Budapest Stock Exchange through UniCredit Bank Hungary Zrt., as investment service provider. Following this transaction Magyar Telekom holds 1,702,046 treasury shares.

 

This investor news may contain 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 Reports for the year ended December 31, 2017 available on our website at https://www.telekom.hu.

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