Investor News

Magyar Telekom purchased treasury shares from the ESOP Organization

Budapest, March 20, 2019 10:30

Budapest – March 20, 2019 – Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider, hereby announces that the remuneration condition of the incentive program based on the new remuneration policy announced on March 28, 2018 was met thus to conclude the program on March 19, 2019, the Company repurchased 7,115,812 Magyar Telekom ordinary shares (HU0000073507) over the counter from the Magyar Telekom Plc. Employee Share Ownership Program Organization (ESOP Organization) at HUF 470 per share. The income will be used by the ESOP Organization to pay the bonuses of the eligible employees in cash. Following the transaction the number of treasury shares held by Magyar Telekom increased to 7,219,397.


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