Notification on change in voting rights
The Hungarian National Asset Management Inc. informed MOL Plc. today the following change in voting rights.
MOL Plc. (“MOL”) hereby notifies the market participants of the following:
The Hungarian National Asset Management Inc. (HNAM Inc.) informed MOL today (attachment), that according to the Act XXX of 2019 on the Maecenas Universitatis Corvini Foundation and the asset transfer to the Maecenas Universitatis Corvini Foundation and the Corvinus University of Budapest (“MUC Act”), it transferred 81,942,946 pieces of series „A” MOL ordinary shares to the Minister of Innovation and Technology in order for the Minister to transfer the shares to the Maecenas Universitatis Corvini Foundation (“Foundation”), prospectively on 31 May 2019.
Following the above transaction, HNAM Inc., acting on behalf of the state, continues to directly exercise ownership rights over the state-owned shares with a 15.24% influence, while it also has 10% indirect influence via the shares transferred to the Foundation’s trust management. (The Foundation is obliged to exercise its voting rights in relation to the shares transferred to its trust management in accordance with the provisions of 3.§ (5) and 3.§ (6) sections of the MUC Act.
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