Magyar Telekom buys back $16.5 mln worth of shares (updated)

Magyar Telekom Telecommunications Public

25/06/2020 15:10

(Adds detail)
    June 25 (Reuters) - Magyar Telekom  MTEL.BU  says in
statement posted on Budapest Stock Exchange web site:
    * ACCEPTED OFFERS AT SHARE BUYBACK AUCTION FOR A TOTAL OF
5.2
BILLION FORINTS ($16.51 MLN) 
    * BUYS BACK SHARES AT AVERAGE PRICE OF HUF 396.59, HIGHEST
ACCEPTED OFFER AT HUF 400
    * STOCK OF OWN SHARES WILL NOW BE 21,982,747
    * HUF 5.2 BLN EQUALS PREVIOUSLY ANNOUNCED MAXIMUM VALUE
    * RECEIVED OFFERS TOTALLED NEARLY FOUR TIMES ANNOUNCED
MAXIMUM
VALUE

Source text for Eikon: [https://bit.ly/31gwkWP]
Further company coverage:  MTEL.BU 

($1 = 315.0100 forints)

 (Reporting by Marton Dunai)
 ((marton.dunai@thomsonreuters.com;))