MOL to settle option for 5.2 mln treasury shares, signs new option for same number
Hungarian oil and gas company MOL said yesterday that it would settle, in cash, an option for 5,220,000 MOL shares with ING Bank at a price of $49.21 per share on November 27. The company also said it had signed another call option for an identical number of shares.
The price amounts to approximately HUF 14,473 per share. MOL shares last traded at HUF 13,490 on Monday.
Under the agreement with ING, MOL received an American call option and ING received a European put option for 5,220,000 MOL shares at a price of €44.68 per share. The options are both for one year.
MOL said its treasury share stock was unchanged after the transactions.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
