Treasury share transaction and terms and conditions of the share option agreement concluded with ING Bank on 23 November 2017
MOL Plc. (“MOL“) hereby informs the capital market participants in relation to the announcement of 23 November 2017 of the following:
The options arising out of the share option agreement concluded between MOL and ING Bank N.V. (“ING”) on 24 November 2016, will be physically settled in respect of 5,164,470 number of options and cash settled in respect of 33,740,338 number of options on 28 November, 2017.
As a result of the above MOL purchases 5,164,470 pieces of Shares.
Under the share option agreement concluded between MOL and ING on 23 November 2017, MOL receives American call options and ING receives European put options regarding 33,740,338 number of Shares on 28 November 2017. The strike price of both call and put options is EUR 10.4667 per one share.
As a result of the transactions MOL Plc. will directly and indirectly own 81,258,014 „A” series and 578 „C” series MOL ordinary shares.