ONP Holdings called an option on Friday for 100,000 shares treasury shares of alternative energy company PannErgy at a price of HUF 950 per share under a contract signed on November 9, 2009, PannErgy said.
ONP Holding's American-type option for a total of 1 million PannErgy shares was also extended from October 31 until December 31, 2010.
After the transaction, PannErgy held 2,900,703 treasury shares accounting for 13.78 % of registered capital.
PannErgy said in November that ONP Holdings, owned by Otto Albrecht, chairman of Cashline, one of the bourse's biggest brokerages, would raise capital in PannErgy Polifin, PannErgy's unit for geothermal energy projects, in several steps. (MTI Econews)