29 Jul 2021

Notifications on change in voting rights

The Hungarian National Asset Management Inc. (HNAM Inc.) and the MOL New Europe Foundation (Foundation) made the following notification to MOL:

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

The Hungarian National Asset Management Inc. (HNAM Inc.) and the MOL New Europe Foundation (Foundation) made the following notification to MOL:

  • Notification of the HNAM Inc. (link)
  • Notification of the MOL New Europe Foundation (link)

Based on these notifications, for the implementation of Section 3 (1) of Act XIX of 2021 on the Establishment and Transfer of Assets to the MOL New Europe Foundation, on 28 July 2021, the Minister in charge of the Prime Minister's Office acting on behalf of the Hungarian State transferred 42,977,996 “A” series MOL ordinary shares to the ownership of the Foundation in accordance with the provisions of the Articles of Association of the Foundation.

Furthermore, MOL as well as MOL Investment Kft. (a wholly owned subsidiary of MOL) transferred an additional 42,977,996 pieces of “A” series MOL ordinary shares to MOL New Europe Foundation

As a result of the above transaction, the number of voting rights of the Hungarian State in MOL decreased from 42.978.004 votes to 8 votes and the proportion of voting rights decreased from 5.24% to 0.000001%. At the same time the number of voting rights of the MOL New Europe Foundation in MOL increased from 0 vote to 85,955,992 votes and the proportion of voting rights increased from 0% to 10.49%.