Press Releases

Magyar Telekom’s Board of Directors’ announcement regarding 2016 dividend

Budapest, February 22, 2017 14:00

Magyar Telekom announces that the Board of Directors has reviewed the 2016 financial statements of Magyar Telekom Plc. prepared in accordance with Hungarian Accounting Act (HAR), and those of Magyar Telekom Group prepared in accordance with IFRS, and proposes them for approval to the Annual General Meeting. The Board of Directors also proposes a dividend payment of HUF 25 a share for the business year 2016 for approval at the Annual General Meeting.

The Company’s dividend policy seeks to maintain its net debt ratio (net debt to total capital) within the 30-40% range, whilst also taking into account the Group’s future financial position.

Magyar Telekom will hold its Annual General Meeting on April 7, 2017. The Board of Directors proposes the record date of the dividend payment to be on May 12, 2017 and the first day of dividend disbursement on May 23, 2017.