MOL is buying its own shares back again

Deals

MOL Nyrt, the country's largest oil company informed capital market participants, that on 28 August 2007 - based on the announcement made on 16 July 2007 - MOL bought 40,342 of its own treasury shares at an average price of Ft 26,837 /share on the Budapest Stock Exchange (BÉT) through ING Bank Zrt as investment service provider.

Following this transaction MOL Nyrt owns 8,537,642 „A” series and 578 „C” series ordinary shares. After the latest transactions, MOL's own influence remained more or less unchanged at 39.6%. Considering the holding of management and employees, as well as another package not lent by MOL to OTP Bank Nyrt, the influence is 41.1%.

MOL now holds 7.8% of its treasury shares of a maximum possible 10%. This is another great time to purchase shares, as Hungarian shares fell for a second day, paced by OTP, the nation's largest bank, and MOL. The BUX Index dropped 1.9% to 26,314.54 at 9:04 a.m. in Budapest this morning. OTP Bank dropped 2.7% to Ft 8,811 and MOL declined 2% to Ft 26,350. Synergon Nyrt, a computer services company, slid 2.6% to Ft 1,635. (Bg, BÉT)

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.