Settlement of Option Agreements and Conclusion of New Agreements

Source Press Release
Company MOL GroupCommerzbank AG 
Tags Strategy - Corporate
Date June 14, 2021

MOL Plc. (“MOL”) hereby notifies the market of the following:

MOL agreed with UniCredit Bank AG (“UniCredit”) on 14 June 2021, that the option rights in relation to 27,574,340 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between UniCredit and MOL on 11 November 2019 will be cash-settled on 16 June 2021.

Simultaneously, MOL and UniCredit entered into a new share option agreement. According to the share option agreement MOL receives American call options and UniCredit receives European put options regarding 27,574,340 pieces of MOL shares, with the effective date of 16 June 2021. The maturity date of both the call and put options is 14 June 2022.

The strike price of both the call and put options is EUR 6.9972 per one share.

MOL agreed with Commerzbank A.G. (“Commerzbank”) on 14 June 2021, that the option rights in relation to 10,732,876 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between Commerzbank and MOL on 16 June 2020 will be partly physically and partly cash settled on 18 June 2021.

Simultaneously, MOL and Commerzbank have irrevocably agreed to enter into a new share option agreement on 16 June 2021. According to the new share option agreement MOL will receive American call options and Commerzbank will receive European put options, with the effective date of 18 June 2021. The maturity date of both the call and put options will be 16 June 2022.

The number of affected shares, the number of options as well as the strike price of the options will be defined based on market data available as of 16 June 2021 and the capital market participants will be informed accordingly.

MOL agreed with ING Bank N.V. (“ING”) on 14 June 2021, that the option rights in relation to 39,179,973 MOL Series “A” Ordinary shares (“Shares”) under the share option agreement executed between ING and MOL on 17 June 2020 will be partly physically and partly cash settled on 25 June 2021.

Simultaneously, MOL and ING entered into a new share option agreement under which MOL receives American call options and ING receives European put options, with the effective date of 25 June 2021. The maturity date of both the call and put options is 23 June 2022.

The number of physically settled options and the number of call and put options as well as the strike price of the options will be defined based on market data available as of 23 June 2021 and the capital market participants will be informed accordingly.

Source: EvaluateEnergy® ©2021 EvaluateEnergy Ltd