MFB Magyar Fejlesztési Bank Withdrawal from Establishment of a Foundation

RNS Number : 8358P

MFB Magyar Fejlesztési Bank

24 May 2024

 

Announcement

on Withdrawal from Establishment of a Foundation

 

In accordance with the extraordinary disclosure obligation stipulated under Section 55 of (Hungarian) Act CXX of 2001 on the Capital Market and PM (Minister of Finance) Decree No. 24/2008 (VIII.15.), MFB Hungarian Development Bank Private Limited Company (hereinafter: MFB Zrt. or Bank) informs the public of the following:

 

The establishment of the National Business Development Knowledge Center Foundation (hereinafter: Foundation) referred to in the announcement of MFB Zrt. published on December 21, 2023, was withdrawn by the resolution of the Founder No. 8/2024. (IV.18.) issued by the exerciser of the ownership rights over MFB Zrt. in which the earlier resolution of the Founder No. 32/2023. (XII.15.) on Participation in Establishment of a Foundation was revoked. The amount of HUF 300.000.000 (three hundred million Hungarian forints) provided by MFB Zrt. as initial contribution to the Foundation was repaid to the Bank.

 

Budapest, 24 May 2024

 

 

MFB Hungarian Development Bank Private Limited Company

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