Settlement of the option agreement between MOL and Unicredit Bank AG and conclusion of a new agreement
MOL Plc. (“MOL”) hereby notifies the market of the following:
MOL agreed with UniCredit Bank AG (“UniCredit”) on 14 November 2018 that the option rights in relation to 24,339,262 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between UniCredit and MOL on 14 November 2017 will be cash settled on 16 November 2018.
The strike price of the options is EUR 9.86919.
Simultaneously, MOL and UniCredit concluded a share purchase agreement and new share option agreement, according to which MOL receives American call options and UniCredit receives European put options in relation to 27,089,758 Shares, with the effective date of 16 November 2018. As a result of these transactions, UniCredit shall receive 2,750,496 Shares. The maturity date of both the call and put options is 14 November 2019, and the strike price of both options is EUR 9.22858 per Share.
Following this transaction MOL directly and indirectly owns 76,829,390 “A” Series and 578 “C” Series MOL Ordinary shares.