Graphisoft Park Proposes Shares Trade in EUR

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Image by graphisoftpark.com

The management of Graphisoft Park, which owns and operates a business park in the north of the capital, will ask shareholders to allow the company's shares to trade in euros, instead of forints, at an extraordinary general meeting on November 29, the EGM agenda shows, according to a report by state news wire MTI.

Shareholders will also vote on allowing the payment of dividends in euros.

Graphisoft Park's board said the proposal originated from a shareholder who argued that the company's revenue and costs are in euros, its accounting is in euros, and its guidance and dividend proposals are also in euros.

The board added that the company's charter as well as Budapest Stock Exchange rules allow for the possibility of changing the currency in which the shares trade to euros.

The proposal was drawn up after consultation with the bourse, Graphisoft Park said.

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