OREANDA-NEWS. December 08, 2015. MOL Hungarian Oil and Gas Public Limited Company (“MOL“) hereby informs the capital market’s participants, that it has been agreed with Credit Agricole Corporate and Investment Bank (“Credit Agricole CIB”), that the option rights arising out of the share option agreement concluded between them on 4 December 2014, regarding 2,129,666 MOL Series “A” Ordinary shares, will be cash settled in respect of all the shares on 9 December, 2015. The strike price is USD 46.3608 per share.

Simultaneously, MOL and Credit Agricole CIB signed a share option agreement on 7 December, 2015. As a result of the transactions, MOL received American call options and Credit Agricole CIB received European put options regarding the 2,129,666 MOL Series “A” Ordinary shares. The maturity of the options is 1 year.

The strike price of both call and put options is EUR 44.1073 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