Investor Release Magyar Telekom
IR contacts: | Position: | Telephone: | E-mail address: |
Diána Párkányi-Várkonyi | Capital Market Relations Hub Lead | +36-1-481-7676 | varkonyi.diana.annamaria@telekom.hu |
Rita Walfisch | Investor Relations manager | +36-1-457-6084 | walfisch.rita@telekom.hu |
Gabriella Pászti | Investor Relations manager | +36-1-458-0332 | paszti.gabriella@telekom.hu |
In accordance with its extraordinary announcement on February 25, 2026, and based on the related authorization approved by the Annual General Meeting (Resolution No. 8/2026 (IV.8)) the Company intends to purchase Magyar Telekom ordinary shares with a maximum total value of HUF 50.0 billion for the purpose of shareholders' remuneration.
The maximum number of shares to be purchased is 181,796,446 considering that, based on the relevant legislation and the above-mentioned resolution of the General Meeting, the shares planned to be purchased together with the treasury shares already held by Magyar Telekom shall not at any time exceed 25% of the effective share capital of the Company at all times.
The share buybacks will be carried out on the Budapest Stock Exchange via daily trading, and through negotiated transactions, on actual market prices.
The share buyback announced in this announcement is scheduled from May 14, 2026 until no later than June 26, 2026.
The transactions will be carried out with the participation of Erste Investment Limited, acting as investment service provider.
This investor news may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Reports for the year ended December 31, 2025 available on our website at http://www.telekom.hu.