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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.86
0.032 (0.84%)
Last Updated: 16:13:56
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.032 0.84% 3.86 3.79 3.93 3.86 3.808 3.85 6,727 16:13:56

Magyar Telekom To Deregister US Securities

14/11/2011 2:35pm

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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Magyar Telekom (MTELEKOM.BU), the Hungarian unit of Germany's Deutsche Telekom (DTE.XE) Monday, said it will seek to terminate its U.S. registration in a filing with the U.S. Securities and Exchange Commission.

MAIN FACTS:

- The company expects the deregistration to become effective on Feb 12, 2012, 90 days after the filing.

- Magyar Telekom said the main purpose of the deregistration is to reduce complexity in financial reporting and administrative costs.

- The company said it will maintain its primary listing on the Budapest Stock Exchange and will continue to make English translations of its annual reports, financial statements and investor releases.

-Budapest Bureau, Dow Jones Newswires, +36-1-267-0622; budapest@dowjones.com

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