Hungarian oil and gas company MOL Nyrt. (MOL.BU) said that it signed Friday agreements with ING Bank N.V. (ING) regarding 1,404,217 MOL series "A" ordinary shares.
ING has purchased the 1,404,217 MOL series "A" ordinary shares from BNP Paribas S.A. (13110.FR) based on which MOL will receive an American call option for the shares from ING and ING will receive a European put option for the shares from MOL.
The maturity for both options is one year and the exercise price is $109.83794 per share.
Simultaneously, the American call option granted by BNP to MOL and the European put option granted by MOL to BNP in respect of the same number of MOL shares terminates.