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

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.

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