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General

Magyar Telekom concludes buy back of HUF 5.2 bln in shares

Friday 26 June 2020 | 13:54 CET | News
Magyar Telekom accepted sales offers for the previously announced maximum value of HUF 5.2 billion during a share buyback auction held on 25 June. It concluded repurchase transactions for 13,146,399 Magyar Telekom ordinary shares (HU0000073507) at an average price of HUF 396.59 per share. The highest accepted price level was HUF 400 per share, at which level a pro-rata allocation was carried out. The aggregate value of the received offers amounted to nearly four times the announced maximum value. Following execution of the transactions, Magyar Telekom shall hold 21,982,747 treasury shares.

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Categories: General
Companies: Magyar Telekom
Countries: Hungary
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