MOL is buying its own shares back again
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)
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