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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.828
0.00 (0.00%)
09 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 3.828 3.71 4.00 0.00 13:14:09

MOL,ING Sign Share Option Deal on 5.2 Million MOL Shares

27/11/2012 5:00pm

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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BUDAPEST--Hungary's largest oil and gas firm MOL Nyrt. (MOL.BU) and ING Bank NV signed a share option agreement Tuesday where MOL received an American call option and ING received an European put option on 5,220,000 MOL shares, MOL said in a stock exchange filing after the bourse closed.

MAIN FACTS:

--The agreement comes as option rights from a share option agreement on Nov. 30, 2011 will be settled by cash on Nov. 30, 2012 at a strike price of EUR57.93 per share on 5,220,000 MOL shares.

--The maturity of both options under the new agreement is one year. The strike price of both the new call and put options is EUR63.09 a share.

--MOL noted that the number of treasury shares hasn't changed on the transactions; MOL still owns 5,146,955 shares.

--MOL shares closed down 0.03% or HUF5 at HUF17,300.

Write to the Budapest Bureau at budapest@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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