Budapest,April 16,
201216:30
Magyar Telekom held its Annual General Meeting (the "AGM")
on April 16, 2012. The AGM approved the audited annual
financial statements of Magyar Telekom Plc. (the "Company")
and the Magyar Telekom Group as well as the Corporate
Governance and Management Report of the Company for 2011
and it decided to pay a dividend of HUF 50 per ordinary
share from the 2011 profit. Three members of the Board of
Directors and a member of the Supervisory Board resigned
effective April 16, 2012 and April 15, 2012, respectively;
the AGM elected new Board of Directors and Supervisory
Board members and re-elected the Auditor.
The report of the Board of Directors on the management of
the Company, on the business operation, on the business
policy and on the financial situation of the Company and
the Magyar Telekom Group in 2011 was presented to the
shareholders. Reports of the Supervisory Board, the Audit
Committee and the Auditor were also presented.
The AGM approved the 2011 consolidated financial statements
of Magyar Telekom Group prepared in accordance with the
International Financial Reporting Standards (IFRS) as
endorsed by the EU, including balance sheet total assets of
HUF 1,098,028 million and a profit of HUF 3,179 million.
The AGM also approved the 2011 stand-alone financial
statements prepared in accordance with the Hungarian
Accounting Regulations (HAR), including balance sheet total
assets of HUF 918,414 million and an after-tax net income
of HUF 31,675 million.
Furthermore, the AGM resolved on the use of the 2011 profit
after tax. The Company will pay a dividend of HUF 50 per
ordinary share with a face value of HUF 100 from the 2011
profit. The Company will pay the dividend of HUF
52,117,584,050 from the after-tax profits of HUF
31,674,886,710 based on HAR figures, and the remaining HUF
20,442,697,340 from retained earnings. The first day of the
dividend payment is May 15, 2012. Shareholders who hold
Magyar Telekom shares in their securities accounts on May
8, 2012 will be entitled to a dividend. The Board of
Directors will publish a detailed announcement about the
order of dividend payment on Magyar Telekom's corporate
website and on the web site of the Budapest Stock Exchange
on April 20, 2012.
The AGM reviewed and approved the 2011 Corporate Governance
and Management Report of the Company, and, having evaluated
the performance of the members of the Board of Directors in
the preceding financial year, resolved to grant the relief
from liability to the Board members regarding the 2011
business year.
The AGM amended Articles of Association and the
Remuneration Guidelines of the Company.
The AGM authorized the Board of Directors to purchase a
maximum of 104,274,254 of ordinary shares of Magyar
Telekom.
Effective April 16, 2012, Mr. Dietmar Frings, Dr. István
Földesi and Dr. Mihály Gálik resigned from their positions
as members of the Board of Directors. Effective April 15,
2012, Mr. György Varju resigned from his position as a
member of the Supervisory Board, which he held as an
employee representative.
The AGM elected Messrs. Günter Mossal, Mr. György Mosonyi
and Dr. Mihály Patai as members of the Board of Directors.
Their mandates are valid until May 31, 2013 or until the
date of the Annual General Meeting closing the 2012
business year. The AGM elected Ms. Éva
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