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MOL buys own shares under option agreement

Deals

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Hungarian oil and gas company MOL said Friday it has exercised its option rights arising from a share option agreement concluded on December 7, 2015, with Crédit Agricole Corporate and Investment Bank regarding Series "A" ordinary shares, Hungarian news agency MTI reported today.

The purchase price was €42.0749 per share, MOL said. 

Calculated at Friday central bank fixing, the price comes to about HUF 13,102.12 per share. MOL closed at HUF 17,160 on Friday.

The number of treasury shares increased by 2,129,666 shares as a result of the transaction, after which MOL directly and indirectly owns 7,557,260 "A" series and 578 "C" series MOL ordinary shares, MOL said.

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