Hungary’s Mol signs option agreement with Commerzbank

The option rights in relation to 10,951,702 Mol Series “A” ordinary shares under the share option agreement executed between MUFG and Mol on 11 November 2019 will be physically settled on 18 June 2020. Mol, MUFG and Commerzbank have agreed on 16 June 2020 that Mol will designate Commerzbank to take over 10,732,876 pieces of shares from MUFG and Mol will acquire 218,826 shares from MUFG.

Simultaneously, Mol and Commerzbank have entered into a share option agreement where Mol receives American call options and Commerzbank receives European put options in relation to 10,732,876 shares with the effective date of 18 June 2020. The maturity date of both the call and put options is 16 June 2021, and the strike price of both options is EUR 5.6568 per share.

Following this transaction, Mol directly and indirectly owns 52,314,429 “A” Series and 578 “C” Series Mol ordinary shares.