This Thursday Forum Telecom housed, the continuation of the PT Multimedia General Shareholders meeting which finished on 30th March with the approval of the programme for the share buyback and dividend distribution of €0,50 per share. This way on 5th May the shareholders will be attributed 1 warrant for each PTM share held. The price for the warrants was set at € 21,50.
Zeinal Bava, Executive Chairman of PT Multimedia, presented the results for 2004, highlighting:
- the significant growth of customer base;
- investment in TV business growth via subscription and Broadband Internet;
- focus on service quality;
- maintenance of efforts to rationalize costs in order to improve operational efficiency;
- sustained improvement of rentability;
- consolidation of financial situation;
- continuation of a policy of solid shareholder remuneration.
PTM: effort and performance over the average
For Zeinal Bava, the results presented to the shareholders are only feasible with the effort and performance «above average» of all thePTM team. «I couldn’t end this Shareholders Meeting without leaving a Word of thanks to those who work with me in the CE and all the others working in the different areas of the company », he said.
«Last year all PTM co-operators’ effort and performance was above average. Without that determination this here would not be possible », said the Executive Chairman of PTM, making reference to the difficult moments in the migration of systems which obliged many co-operators to work on Christmas and on New Year’s Eve.