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Small shareholders turn to court again over Magyar Telekom

One small shareholder has turned to the Budapest Municipal Court again over Magyar Telekom's the 2008, 2009 and 2010 AGM resolutions, while a further two small shareholders have turned to the court only over the latest AGM decisions, Magyar Telekom announced on the Budapest Stock Exchange website on Friday.

The statement said the small shareholder has asked the court to annul the company-court ruling regarding registration of resolutions taken at the 2008 AGM, the 2009 AGM and the 2009 EGM and cancellation of the already registered changes. The small shareholder has also asked the company court to reject Magyar Telekom's request for a registration of the decisions taken at its 2010 AGM.

At the AGM held on April 7, 2010, shareholders approved a proposal to pay a dividend of HUF 74 per share, through supplementing the Hungarian-standard unconsolidated profit of HUF 74.23 billion by HUF 2 billion from profit reserves. Payment of dividend will start just on May 7 Friday. (MTI)