Shareholders of the Hungarian cable operator TVNetWork will decide on whether or not to delist the company from the Budapest Stock Exchange (BSE) on July 22.
According to BBJ, shareholders will then also vote on a proposal mandating the board to buy up to 2.2 million treasury shares, equivalent to 12.7% of registered capital, at HUF300 (€1.04) each, until October 10 this year.
TVNetWork has been majority (32.99%) owned by the Dutch-registered company Carose since earlier this year. It also now lists RCS/RDS-owned Digi (30%) and Cyprus –based Trumble Capital Advisors as shareholders.
The latter acquired a 30% stake in TVNetWork from Businesslink at the beginning of June, reducing Businesslink’s shareholding to 2.87%.