Investor News

Outcome of Magyar Telekom share buyback auction

Budapest, June 25, 2020 16:00

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider announces that in accordance with its extraordinary announcement on June 12, 2020, on today’s share buyback auction the Company accepted sales offers for the previously announced maximum value of HUF 5.2 billion. The Company concluded repurchase transactions for 13,146,399 Magyar Telekom ordinary shares (HU0000073507) at an average price of HUF 396.59 per share. The highest accepted price level was HUF 400 per share, at which level a pro-rata allocation was carried out. The aggregate value of the received offers amounted to nearly four times the announced maximum value. Following execution of the transactions, Magyar Telekom shall hold 21,982,747 treasury shares.


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