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Court registers changes in Magyar Telekom company data

The Court of Registration has registered on August 2 the changes in Magyar Telekom's company data resulting from decisions taken at an AGM on April 7, 2010, the company said.

At the AGM on April 7, 2010, decisions were again taken on the proposals submitted at the 2008 AGM, closing the year 2007, because they had been invalidated by the court as a consequence of proceedings initiated by small shareholders.

Two small shareholders initiated proceedings against the company in May 2008, claiming that decisions including one on dividend payment were taken unlawfully at the 2008 AGM.

The statement notes that there are still pending lawsuits on decisions taken at AGMs in June 2009 as well as in April 2010 and the company cannot fully exclude that it will be required to take other corporate actions in connection with the lawsuits. (MTI – Econews)