FAQ Archive

According to the BSE rules, these thresholds can only be set on the BSE website for the series of shares admitted to trading. As no shareholder has notified that the threshold has been exceeded, pending the listing of shares resulting from the capital increases decided in May and December 2019, the BSE website shows a public threshold of 100%.

Of course, Delta Technologies Plc. has always disclosed the threshold crossings for the entire (listed and unlisted) block of shares in its disclosures, provided that shareholders have informed the company through the appropriate channels.

The current shareholders of the company are listed in the share register. The share register may be inspected by any person during working hours at the company's registered office, subject to the applicable rules. The company's disclosures are, of course, correct at all times. In this context, the company notes that, in accordance with the legal provisions, in the context of disclosures relating to the acquisition of influence, the company discloses the announcements received from shareholders without any examination of their content.

Under the relevant rules, senior executives - including members of the board of directors - are required to report their share transactions to the company, which in turn is obliged to inform investors and the market about the transactions. These announcements are available on the company's publication sites, such as kozzetetelek.mnb.hu, bet.hu and on the company's website.

If the 33% threshold is exceeded, shareholders are obliged to inform the company. However, no such notification has been received by the company.

Delta Technologies Plc. considers the findings of MNB Decision No. H-PJ-III-B-16/2020 of 17 March 2020 and the measures taken on the basis of these findings, including the imposition of the fine, to be unfounded. Using the legal remedies available to it, the company brought an action before the Metropolitan Court of Budapest to annul the MNB's decision. The company also requested the court to order a full stay of execution of the decision, suspending the obligation to pay the fine.

The company's related publication on 20 April 2020 here you can read.

The Issuer 2020.10.13-i and 2020.11.04-The litigation and proceedings between the Association for the Protection of the Interests of Individual Investors on the Stock Exchange and Delta Technologies Plc have been terminated.

Neither the members of the Board of Directors and Supervisory Board of Delta Technologies Plc., nor the members of the management of Delta Systems Kft., nor the employees of the companies are involved in the case.

Current FAQs

FAQ Archive

Why is the list of companies and individuals who have exceeded the various thresholds not displayed on the BSE website?

To whom did the shares from the May issue go? Does the list published on the BSE and the decision of 15 July 2019 filed with the Companies Court listing the companies and individuals entitled to receive the new shares cover the truth?

Have the owners of Deltagroup Holding Zrt. or the members of the Board of Directors of Delta Technologies (Zsolt Bártfai, Zoltán Csontos, Levente Pércsi) sold any of the Delta Technologies shares in their name since the prospectus published on 14 December 2019?

The Hungarian National Bank fined the company in March. What is the situation and Delta Technologies Plc's position on this?

Update on the litigation between Delta Technologies Plc and TEBÉSZ:

Information on the decision H-PJ-III-B-31/2020. published on 29.12.2020 (dated 02.10.2020) on the MNB website