Invitel Holdings A/S Announces Resultsof October 28, 2009 Shareholders Meeting
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NEW YORK--(Business Wire)--
Invitel Holdings A/S (NYSE AMEX:IHO) announced today that over 72%of its
outstanding shares were represented by proxy or in person at its October 28,
2009 extraordinary general meeting of shareholders. The proposal to approve and
adopt the Debt Restructuring Agreement among Invitel Holdings A/S, Magyar
Telecom B.V. (an Invitel subsidiary) and Hungarian Telecom Finance International
Limited (an affiliate of Mid Europa Partners) and to consummate all of the
transactions and actions contemplated by the Debt Restructuring Agreement was
approved with over 92% of the votes cast in favor of such proposal. Thierry
Baudon, Craig Butcher, Nikolaus Bethlen and Michael Krammer were elected as
alternate directors with over 92% of the votes cast in favor of their election.
Invitel expects the transactions contemplated by the Debt Restructuring
Agreement to be completed following the receipt of the necessary government
approvals and the fulfillment of the other closing conditions.
ABOUT INVITEL HOLDINGS A/S
Invitel Holdings A/S is the number one alternative and the second-largest fixed
line telecommunications and broadband Internet Services Provider in the Republic
of Hungary. In addition to delivering voice, data and Internet services in
Hungary, it is also a leading player in the Central and Eastern European
wholesale telecommunications market.
Forward-Looking Statements
The information above includes forward-looking statements about Invitel Holdings
A/S and its subsidiaries. These and all forward-looking statements are only
predictions of current plans that are constantly under review by Invitel
Holdings. Such statements are qualified by important factors that may cause
actual results to differ from those contemplated, including those risk factors
detailed from time to time in Invitel Holdings` U.S. Securities and Exchange
Commission ("SEC") filings, which may not be exhaustive.For a discussion of such
risk factors, see Invitel Holdings` filings with the SEC including, but not
limited to, its 2008 Annual Report on Form 20-F. Invitel Holdings operates in a
continually changing business environment, and new risk factors emerge from time
to time.Invitel Holdings cannot predict such new risk factors, nor can it assess
the impact, if any, of such new risk factors on its business or events described
in any forward-looking statements.Invitel Holdings has no obligation to publicly
update or revise any forward-looking statements to reflect the occurrence of
future events or circumstances.
Invitel Holdings A/S
Robert Bowker, Chief Financial Officer
Hungary: (011)-361-801-1374
or
U.S.:
Peter T. Noone, General Counsel, 206-654-0204
Copyright Business Wire 2009
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