Equity
Hungary Mol settles option agreement, signs new deal with ING
Mol has announced it agreed with ING Bank N.V. on 26 November 2018, that the option rights in relation to 33,740,338 Mol Series “A" ordinary shares under the share option agreement executed between ING and Mol on 23 November 2017 will be cash settled on 28 November 2018.
The strike price of the options is EUR 10.06269.
Simultaneously, Mol and ING entered into a new share purchase agreement and share option agreement. As a result of the share purchase agreement, ING shall receive additional 2,097,955 Shares. According to the share option agreement Mol receives American call options and ING receives European put options in relation to 35,838,293 shares, with the effective date of 28 November 2018.
The maturity date of both the call and put options is 26 November 2019, and the strike price of both options is EUR 9.8491 per share (HUF 3174.758894 at the MNB’s average exchange rate).
Following this transaction, Mol directly and indirectly owns 74,731,435 “A" Series and 578 “C" Series Mol ordinary shares.
The strike price of the options is EUR 10.06269.
Simultaneously, Mol and ING entered into a new share purchase agreement and share option agreement. As a result of the share purchase agreement, ING shall receive additional 2,097,955 Shares. According to the share option agreement Mol receives American call options and ING receives European put options in relation to 35,838,293 shares, with the effective date of 28 November 2018.
The maturity date of both the call and put options is 26 November 2019, and the strike price of both options is EUR 9.8491 per share (HUF 3174.758894 at the MNB’s average exchange rate).
Following this transaction, Mol directly and indirectly owns 74,731,435 “A" Series and 578 “C" Series Mol ordinary shares.
