MOL and ING to settle share option agreement in cash, enter new one

Initiatives

Hungarian oil and gas company and Netherlands-based financial services company ING will cash-settle a share option agreement regarding 5,220,000 MOL A-Series Ordinary Shares concluded between them on November 22, 2013 at a strike price of €47.4444 per share, MOL announced yesterday.

MOL said that the two companies had signed another one-year share-option agreement on November 24, according to which MOL will have an American call option and ING a European put option regarding an identical number of MOL A-Series ordinary shares at a strike price of $50.92842 per share. The strike price stands both for the call and the put option. MOL's stock of Treasury Shares has not changed as a result of the transaction. MOL said it directly and indirectly owns 2,842,147 "A" series and 578 "C" series MOL ordinary shares.

ADVERTISEMENT

Job ads in hospitality, tourism sector grow drastically  Analysis

Job ads in hospitality, tourism sector grow drastically 

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.