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Synergon AGM postponed for 16 days

An annual general shareholders' meeting of IT company Synergon Rt was postponed again on Tuesday for 16 days because of a disagreement between two groups of shareholders over Ft 137 million in fines and interest payments on back taxes accounted in the profit and loss statement.

Synergon requested trading in its shares be suspended on the Budapest Stock Exchange (BÉT) following the postponement. Only 35.57% of shareholders were present at the meeting, still, this number filled the company's requirement for quorum. Because of the suspension, the meeting failed to elect new members to the boards to replace members whose mandates have expired.
Synergon had after-tax profit of Ft 502 million on revenue of Ft 19.6 billion in 2005.