ING, MNV voting rights in MOL rise after capital reduction
Hungarian oil and gas company MOL revealed Friday it had been informed by shareholders ING Group and Hungarian National Asset Management Inc. (MNV) of changes to their voting rights following a 2% reduction in share capital, Hungarian news agency MTI reported.
After the reduction, registered on July 11, the voting stake of ING Group rose from 4.997% to 5.10%, crossing the mandatory disclosure threshold. The voting rights of MNV climbed from 24.74% to 25.24%. The reduction took place through the withdrawal of treasury shares.
MOL’s treasury share stock rose to 7.2% this year after it settled a call option for shares conferring a 5.75% ownership stake with special-purpose vehicle Magnolia. MOL had sold the shares to Magnolia 10 years earlier.
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