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