Investor News

Magyar Telekom grants shares to CEO

Budapest, April 19, 2017 11:00

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian telecommunications service provider, hereby announces that Christopher Mattheisen, CEO and member of the Board of Directors of the Company, was granted 36,710 Magyar Telekom shares on April 19, 2017 as part of the “Matching Share Plan” scheme. Following the transaction, Christopher Mattheisen holds a total of 215,276 Magyar Telekom shares.

As previously disclosed, the “Matching Share Plan” scheme, approved by the Board of Directors of the Company in December 2011 and implemented from 2012, required Christopher Mattheisen to invest a minimum of 10% of his gross annual variable bonus in Magyar Telekom shares, with an option to voluntarily increase this to a maximum of 33.3%. These shares were subject to a 4-year lock up period following which one additional share is granted by the Company, for every share acquired as part of the personal investment. As part of this scheme, Christopher Mattheisen purchased 36,710 Magyar Telekom shares on April 15, 2013.

As a result of the transaction, the number of treasury shares held by Magyar Telekom decreased from 77,335 to 40,625 as of April 19, 2017

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