Sale of treasury shares and conclusion of new derivative agreements
Following the settlement of option agreements, as announced on 24 June 2024, MOL concluded new share sale and derivative agreements on 5 July 2024.
MOL Plc. (“MOL”) hereby notifies the market of the following:
Following the settlement of option agreements, as announced on 24 June 2024, MOL concluded new share sale and derivative agreements on 5 July 2024.
Under the share sale and purchase agreement concluded between MOL and UniCredit Bank GmbH (“UniCredit”) on 5 July 2024, MOL sold 31,000,000 Series “A” MOL ordinary shares (“Shares”) to UniCredit.
Simultaneously, MOL and UniCredit entered into a share option agreement under which MOL receives American call options and UniCredit receives European put options in respect of 31,000,000 Shares. The strike price of both the put and call options is EUR 7.51229, the expiry is 4 July 2025.
Under the share sale and purchase agreement concluded between MOL and ING Bank N.V. (“ING”) on 5 July 2024, MOL sold 31,000,000 Series “A” MOL ordinary shares (“Shares”) to ING.
Simultaneously, MOL and ING entered into a share option agreement under which MOL receives American call options and ING receives European put options in respect of 31,000,000 Shares. The strike price of both the put and call options is EUR 7.8820, the expiry is 4 July 2025.
Under the share sale and purchase agreement concluded between MOL and Commerzbank AG (“Commerzbank”) on 5 July 2024, MOL sold 6,676,013 Series “A” MOL ordinary shares (“Shares”) to Commerzbank.
Simultaneously, MOL and Commerzbank entered into a total return swap agreement in respect of 6,676,013 Shares, the expiry is 8 July 2025.
As a result of the transactions, the number of treasury shares decreases by 68,676,013, MOL owns 20,530,158 “A” Series and 578 “C” Series MOL Ordinary shares.