Magyar Telekom share

The issued share capital of Magyar Telekom Plc. is HUF 100,580,135,200 consisting of 1,005,801,352 Series "A" ordinary shares with a nominal value of HUF 100.

In November 1997, shareholders of Matáv completed a Hungarian and international initial public offering of shares. Matáv's ordinary shares have been listed in the „A” category of the Budapest Stock Exchange. American Depositary Shares (ADSs), each representing 5 ordinary shares, have been issued by JPMorgan Chase Bank, as Depositary of the American Depositary Receipts (ADRs) evidencing the ADSs, and are listed on the New York Stock Exchange. The total number of shares sold in the initial public offering was 272,861,367, or 26.31 percent of the total outstanding shares, for an aggregate offering price of over U.S. dollar 1.0 billion. The offer price was HUF 730 per share and U.S. dollar 18.65 per ADS.

In June 1999, the ÁPV sold its remaining 5.75 percent stake in Matáv through a secondary offering. The total number of shares sold was 60,096,515, out of which MagyarCom sold 581,319 shares in connection with a greenshoe option. The offer price was HUF 1,273 per share and U.S. dollar 26.50 per ADS.

Budapest Stock Exchange
Name Magyar Telekom ordinary share
ISIN HU0000073507
Nominal value: 100 HUF
Outstanding shares 1,005,801,352
Listing date November 14, 1997


Wire service abbreviations
Reuters MTEL.BU