Hungary Mol discloses details of share split

Portfolio
Hungarian oil and gas group Mol has announced that the Court of Registry has registered the 8 for 1 split of the company’s ordinary shares. Mol has also disclosed the schedule of the share split.
The split of 102,428,103 pieces of registered ordinary “A" shares with a par value of HUF 1,000 each resulted in 819,424,824 pieces of registered ordinary “A" shares with a par value of HUF 125, representing an 8-for-1 split in line with the decision taken by the 2017 Mol Annual General Meeting. Subsequently KELER Ltd. issued a new ISIN code for the post-split ordinary “A" shares (new ISIN code: HU0000153937).

Key milestones of the share split

  • The last trading day on the Budapest Stock Exchange of (old) registered ordinary “A" shares with a par value of HUF 1,000 is 25 September, 2017
  • The first trading day on the Budapest Stock Exchange of (new) registered ordinary “A" shares with a par value of HUF 125 is 26 September, 2017
  • The day of the split is 28 September, 2017
  • Shareholders holding registered ordinary “A" shares with a par value of HUF 1,000 on 27 September 2017 on their securities account will be entitled to split Mol shares with a par value of HUF 125 on the day of the split.

Each registered ordinary “A" shares with a nominal value of HUF 1,000 shall be split into eight Mol ordinary shares with a nominal value of HUF 125. The split process takes place automatically, hence no action is required by shareholders. Based on the Warsaw Stock Exchange’s notice the trading of Mol shares on the WSE will be suspended from 26 September, 2017 until 28 September, 2017 inclusive, due to technical reasons.

The MOL ADR ratio of 1 ORD : 2 ADRs will remain unchanged, meaning that the new “A" series ordinary share with a nominal value of HUF 125 (ISIN HU0000153937) will be equal to 2 pieces of MOL ADRs (ISIN: US6084641033 and US60846422023).
 

More in Equity

analyst
November 22, 2024 12:25

Domestic brokerages post a weak quarter

The figures aren't pretty for the first 9 months of 2024 either

otp
November 21, 2024 10:30

ANALYST VIEW - Hungary OTP gets highest target price ever

Analysts keep tweaking their models

Autó persely
November 19, 2024 09:05

Hungarian savings had a particularly weak quarter

Central bank statistics show something went awry

otp bank
November 18, 2024 10:42

ANALYST VIEW - Morgan Stanley ups target price for Hungary's OTP, share price rallies

MS sees major upside potential

nagymarton
November 11, 2024 14:10

Hungarian gov't expects HUF 500 billion from workers' credit, HUF 300 bn from pension funds - EcoMin

HUF 25 bn for the rural home renovation programme and HUF 25 billion on SZÉP cards for renovation

telekommunikáció távközlés telekom
November 08, 2024 15:08

Hungary Magyar Telekom to publish quarterly earnings report - What does the market expect?

Q3 performance to be revealed next week

LATEST NEWS

Detailed search