Hungary Mol settles option deal, enters into new one with ING Bank

Mol settles and extends option deal with ING

Mol announced on Wednesday that it has agreed with ING Bank that the option rights arising out of a share option agreement concluded between them on 24 November last year, regarding 5.22 million Mol shares, will be cash settled in respect of all the shares on 27 November, 2015.

The strike price is USD 49.2122 per share.

Simultaneously, the parties have signed a share option agreement on 24 November, 2015. As a result of the transactions, Mol received American call options and ING received European put options regarding 5.22 million Mol Series “A" ordinary shares.

The maturity of the options is 12 months year with an additional one year extension possibility.

The strike price of both call and put options is EUR 44.68253 per one share.

As a result of the transactions the number of Treasury shares has not changed. Mol Plc. directly and indirectly owns 1,530,080 "A" series and 578 "C" series MOL ordinary shares

Option deals are commonly linked to share placement transactions at Mol, which had been started around the OMV takeover story. ING holds 5% of Mol ordinary shares outstanding, whereas UniCredit has a 5.15% package and Credit Agricole 2.0.4%. Their total share of Mol ordinary shares outstanding is over 10%.

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