OREANDA-NEWS. November 26, 2015. MOL Hungarian Oil and Gas Public Limited Company (“MOL“) hereby informs the capital market’s participants, that it has been agreed with ING Bank N.V. (“ING”), that the option rights arising out of the share option agreement concluded between them on 24 November 2014, regarding 5,220,000 MOL Series “A” Ordinary shares, will be cash settled in respect of all the shares on 27 November, 2015. The strike price is USD 49.2122 per share.

Simultaneously, MOL and ING signed a share option agreement on 24 November, 2015. As a result of the transactions, MOL received American call options and ING received European put options regarding 5,220,000 MOL Series “A” Ordinary shares. The maturity of the options is 1 year with an additional 1 year extension possibility. The strike price of both call and put options is EUR 44.68253 per one share.

As a result of the transactions the number of Treasury shares has not changed. MOL Plc. directly and indirectly owns 1,530,080 „A” series and 578 „C” series MOL ordinary shares.