18 Jun 2020

Notifications on change in voting rights

The Hungarian National Asset Management Inc. (HNAM Inc.) and the Tihany Foundation made the following notifications to MOL:

MOL Plc. (“MOL”) hereby notifies the market participants of the following:

The Hungarian National Asset Management Inc. (HNAM Inc.) and the Tihany Foundation made the following notifications to MOL:

  • Notification of the HNAM Inc. (link)
  • Notification of the Tihany Foundation (link)

Based on these notifications HNAM Inc., acting on behalf of the Hungarian State, for the implementation of Section 3 (2) of Act XXVI of 2020 on the support of the talent management program of the Mathias Corvinus Collegium and the educational activities of the Maecenas Universitatis Corvini Foundation (hereinafter: MCC Act), it transferred 81,942,946 pieces of Series „A” MOL ordinary shares to the  Minister heading the Prime Minister’s Office, acting on behalf of the state, who transferred the shareholding to the Tihany Foundation.

As a result of the above transaction, the number of voting rights of the Hungarian State in MOL Plc decreased from 206,863,648 votes to 124,920,950 votes and the proportion of voting rights decreased from 25.24% to 15.24%. At the same time the number of voting rights of the Tihany Foundation in MOL Plc increased from 0 vote to 81,942,946 votes and the proportion of voting rights increased from 0% to 10%.