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Matav Announces Share Capital Increase.


Business Editors

BUDAPEST, Hungary--(BUSINESS WIRE)--Aug. 15, 2002

Matav (NYSE NYSE

See: New York Stock Exchange
:MTA.N and BSE See Bombay Stock Exchange.

BSE

See Boston Stock Exchange (BSE).
:MTAV.BU), the leading Hungarian telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. , hereby announces that the share capital increase of the company - related to the new management share option program launched on July 1, 2002 - has been approved by the Hungarian Financial Supervisory Authority (resolution No. 18276/4/2002 dated July 17, 2002) and registered by the Court of Registry (decree No. 01-10-041928/165 dated August 7, 2002).

As a result, the share capital of the company has increased from HUF HUF

In currencies, this is the abbreviation for the Hungarian Forint.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 103,791,170,000 to HUF 104,281,170,000 as of August 7, 2002 according to Hungarian Accounting Rules.
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Publication:Business Wire
Date:Aug 15, 2002
Words:112
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