Hungary Mol to settle share option deal with ING, signs new one

Portfolio
Hungarian oil and gas group Mol has announced a share option agreement with ING Bank will be cash settled and a new one has been concluded on 24 November.
Mol said in a statement on the website of the Budapest Stock Exchange (BSE) late on Thursday that it has agreed with ING Bank N.V. that the option rights arising out of the share option agreement concluded between them on 24 November 2015, regarding 5,220,000 MOL Series “A" Ordinary shares, will be cash settled in respect of 4,863,101 number of options and physically settled in respect of 356,899 number of options on 28 November, 2016. The strike price for settlement is EUR 42.8654 per share.

MOL and ING concluded a new share option transaction on 24 November, 2016 whereby as a result of the transactions, MOL received American call options and ING received European put options regarding 4,863,101 MOL Series “A" Ordinary shares. The maturity of the options is 1 year. The strike price of both call and put options is EUR 60.22309 per one share.

As a result of the transactions MOL Plc. will directly and indirectly own 7,914,159 "A" series and 578 "C" series MOL ordinary shares.
 

More in Equity

GettyImages 1463402564-duna-épület-főváros-idegenforgalom-turizmus-város
September 02, 2025 08:54

Demand for Hungarian government bonds among retail investors slowly picking up again

Investors are still on vacation with one foot

árfolyam-Microsoft-részvény-milliárdos-soros-györgy-alphabet-nvidia-befektetés-meta
September 01, 2025 12:01

Which Hungarian brokerage had the largest turnover in August?

Was it Wood, Concorde, or Erste?

August 05, 2025 12:54

Hungary 4iG to carry out capital injection of almost HUF 100 billion

To finance investments in aviation / space / defense industries

otp
August 05, 2025 08:46

Hungary's OTP Bank performs well in the second quarter

Posts HUF 330 billion after-tax profit

July 29, 2025 16:58

ANALYST VIEW - Hungary Mol gets target price lowered

By US investment bank

Mol Dunai Finomító Dufi százhalombatta vezeték
July 25, 2025 12:21

ANALYST VIEW - Morgan Stanley raises target price for Hungary's Mol

With 'Hold' recommendataion

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search