Brief: Magyar Telekom to hold share buyback auction on June 25

Magyar Telekom Telecommunications Public

12/06/2020 15:35

June 12 (Reuters) - Magyar Telekom Tavkozlesi Nyrt:
    * TO LAUNCH SHARE BUYBACK AUCTION
    * INTENDS TO REPURCHASE OWN SHARES WITH A MAXIMUM TOTAL
VALUE OF
HUF 5.2 BILLION
    * BUYBACK PLANNED FOR THE PURPOSE OF SHAREHOLDERS'
REMUNERATION
    * TRANSACTION SCHEDULED FOR JUNE 25
    * TO REQUEST SUSPENSION OF TRADING OF ITS SHARES ON THE DAY
OF THE
AUCTION FROM THE START OF THE ORDER-COLLECTION PERIOD
    * RESERVES RIGHT TO CANCEL OR STOP TRANSACTION AT ANY TIME
PRIOR
TO ITS CONCLUSION

Further company coverage:  MTEL.BU 

 (Reporting by Gergely Szakacs)
 ((gergely.szakacs@reuters.com ; https://twitter.com/szakacsg ;
+36 1 882 3606 ;
https://www.reuters.com/journalists/gergely-szakacs))