Settlement of option agreements and conclusion of new agreements
Settlement of option agreements and conclusion of new agreements
MOL Plc. (“MOL”) hereby notifies the market of the following:
MOL agreed withUniCredit Bank AG (“UniCredit”) on 20 June 2023, that the option rights in relation to 34,446,554 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between UniCredit and MOL on 20 June 2022 will be either fully cash settled or partly physically and partly cash settled on 23 June 2023.
Simultaneously, MOL and UniCredit entered into a new share option agreement. According to the new share option agreement MOL will receive American call options and UniCredit will receive European put options, with the effective date of 27 June 2023. The maturity date of both the call and put options will be 24 June 2024.
The number of affected Shares, the number of options as well as the strike price of the options will be defined based on market data available as of 23 June 2023 and the capital market participants will be informed accordingly.
MOL agreed with ING Bank N.V. (“ING”) on 20 June 2023, that the option rights in relation to 34,281,056 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between ING and MOL on 20 June 2022 will be either fully cash settled or partly physically and partly cash settled on 23 June 2023.
Simultaneously, MOL and ING entered into a new share option agreement. According to the new share option agreement MOL will receive American call options and ING will receive European put options, with the effective date of 27 June 2023. The maturity date of both the call and put options will be 24 June 2024.
The number of physically and cash settled options and the number of call and put options as well as the strike price of the options will be defined based on market data available as of 23 June 2023 and the capital market participants will be informed accordingly.