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Synergon calls EGM for September 8

Shareholders in Synergon Nyrt, a Hungarian computer-services company, will meet September 8 to elect new management and supervisory boards. The Budapest-based company's supervisory board published the agenda for the meeting on the website of the Budapest Stock Exchange (BÉT) yesterday. Shareholders at a May 30 meeting postponed motions that required a 75% majority to pass because of a lack of quorum. Raiffeisen International AG, Hungarian plastics maker Pannonplast Nyrt and Hungarian investor István Miholek recently bought stakes Synergon. The computer company's shares are the best performers on Hungary's benchmark BUX Index this year, gaining 65%. Raiffeisen owns 15.4% of Synergon, Miholek has a 10.6% stake and Pannonplast holds 4.2%. Other owners include a local investment unit of Erste Bank AG, with 5.1% of shares. Synergon expects to raise profit sevenfold by 2009 by entering new markets such as Romania and Ukraine and cutting costs, CEO Zoltán Radnóty said in a July 19 interview. The company will report second-quarter earnings on August 11. At its meeting on March 2nd 2006, the Board of Directors of Synergon Information Systems plc. decided to separate, in accordance with earlier plans, the General Manager and Group CEO functions, so far occupied by a single person: in addition to the position of General Manager of Synergon Information Systems plc., another official has been appointed CEO of the Synergon Group. The Board appointed Zoltán Radnóty and Dr Zsolt Tóth respectively CEO of the Synergon Group and General Manager of Synergon Information Systems plc. (Bloomberg,