MOL postpones annual general meeting indefinitely
Listed oil and gas company MOL said that "it sees no possibility" of holding its annual general meeting on April 16 as scheduled because of the situation caused by the coronavirus epidemic, the company posted on Tuesday on the Budapest Stock Exchange, according to a report by Hungarian news agency MTI.
MOLʼs board of directors will make an announcement at a later date about the holding of the general meeting and its proposals regarding the agenda points, including the one regarding the distribution of the profit after taxation.
The company said that it will continue to monitor the circumstances concerning the epidemic as well as all related applicable law, authority decisions, and communication.
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.