MOL exercises call options for over 74 mln shares
Image by Postmodern Studio / Shutterstock.com
Hungarian oil and gas company MOL on Tuesday said it will exercise call options for a combined 74,138,899 of its shares on January 19, lifting its stock of Series "A" ordinary treasury shares to 95,278,601, according to a report by state news wire MTI.
MOL is exercising the call options under agreements with UniCredit Bank AG, Commerzbank AG, and ING Bank NV at strike prices between EUR 6.6 and EUR 6.74 per share.
All of the options will be physically settled on January 21, 2022, after which time MOL's treasury share stock will be equivalent to 11.63% of share capital.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
