| Corporate and shareholder information |
| Download |
|
Date of foundation of MOL Plc.: October 1, 1991. Registered by the Budapest Court of Justice acting as Court of Registration on June 10, 1992 with effect as of October 1, 1991, under file number 01-10-041683.
Legal predecessor: Országos Kõolaj- és Gázipari Tröszt (OKGT National Oil and Gas Trust) and its subsidiaries.
The effective Articles of Association were accepted at the Annual General Meeting (AGM) held on 23 April, 2009. Access to the Articles of Association can be requested from the Company or electronic version can be downloaded from Company's web site.
On 16 October, 2008 the Court of Registry registered the capital decrease of MOL, which was decided by the AGM held on 23 April 2008. Accordingly, the share capital of MOL decreased from HUF 109,675,502,578 to HUF 104,191,727,578 by cancelling 5,483,775 pieces of registered ordinary shares of the series “A” with a par value of HUF 1,000, owned by the Company.
On 16 October, 2008 the Court of Registration registered the capital increase of MOL, which was made as part of the convertible bond programme approved by the Extraordinary General Meeting held on 1 September 2003. The share capital of the company increased from HUF 104,191,727,578 to HUF 104,519,063,578.
Registered share capital as of 31 December 2009: 104,518,484 registered A series ordinary shares with a par value of HUF 1,000 each, 1 registered B series preferred share with a par value of HUF 1,000 with special preferential rights attached and 578 registered C series ordinary shares with a par value of HUF 1,001 each.
Ownership Structure:
|
|
31.12.2008
|
31.12.2009
|
||
|
Par value of shares
(HUF th)
|
%
|
Par value of shares
(HUF th)
|
%
|
|
|
Foreign investors
|
25,244,656
|
24.1
|
26,910,802
|
25.7
|
| Surgutneftegas OJSC | n.a. | n.a. | 22,179,488 | 21.2 |
|
Bayerische Hypo-und Vereinsbank AG.
|
17,007,802
|
16.3
|
n.a. |
n.a.
|
|
Societe Generale
|
4,601,059
|
4.4
|
n.a.
|
n.a.
|
|
OMV Clearing Und Treasury GbmH
|
679,492
|
0.7
|
n.a.
|
n.a.
|
|
CEZ MH B.V.
|
7,677,285
|
7.3
|
7,677,285
|
7.3
|
|
Oman Oil (Budapest) Limited
|
7,316,294
|
7.0
|
7,316,294
|
7.0
|
|
BNP Paribas Arbitrage S.N.C.
|
7,600,583
|
7.3
|
n.a.
|
n.a.
|
|
Magnolia Finance Ltd.
|
6,007,479
|
5.7
|
6,007,479
|
5.7
|
|
ING Bank N.V.
|
n.a.
|
n.a.
|
5,220,000 |
5.0
|
| Crescent Petroleum | n.a. | n.a | 3,161,116 | 3.0 |
| Dana Gas PJSC | n.a. | n.a | 3,161,116 | 3.0 |
|
OTP Bank Plc.
|
8,857,438
|
8.5
|
6,707,832
|
6.4
|
|
Hungarian institutional and private investors
|
10,745,032
|
10.3
|
8,742,336
|
8.4
|
|
MOL Plc. (treasury shares)
|
8,781,944
|
8.4
|
7,435,316
|
7.1
|
|
Total
|
104,519,064
|
100.0
|
104,519,064
|
100.0
|
Please note, that data above do not fully reflect the ownership structure in the Share Registrar. It is based on the received request for registration of the shares and the published shareholders notifications. The registration is not mandatory. The shareholder may exercise its rights towards the company, if the shareholder is registered in the Share Registrar. According to the Articles of Association no shareholder or shareholder group may exercise more than 10% of the voting rights.
Share Information
MOL share prices are published by the majority of Hungarian daily newspapers and available on BSE web site (www.bet.hu). Indicative bid and ask prices of MOL’s GDRs on IOB can be monitored using the RIC code MOLBq.L on Thomson Reuters or MOLD LI on Bloomberg. MOL share prices on the Budapest Stock Exchange can be followed on Thomson Reuters using the RIC code MOLB.BU or on Bloomberg using code MOL HB.
The following table shows trading data on MOL shares each quarter of 2009.
|
Period
|
BSE volume
(no. of shares)
|
BSE closing price (HUF/share)
|
|
1st quarter
|
13,034,795
|
10,355
|
|
2nd quarter
|
14,957,755
|
11,950
|
|
3rd quarter
|
11,232,958
|
15,370
|
|
4th quarter
|
9,325,553
|
17,000
|
Treasury shares
During 2009 the following treasury shares transactions happened:
|
Reasons for change
|
Number of "A" series shares
|
Number of "C" series shares
|
|
Number of Treasury shares on 31 December 2008
|
8,781,365
|
578
|
| ING option was settled | 1,404,217 | |
|
New option agreement with ING Bank N.V.
|
-5,220,000
|
|
|
New share lending agreement with MFB Invest Zrt.
|
-4,965,582
|
|
|
The share lending agreement with OTP Bank Plc. was modified
|
5,010,501
|
|
|
Share-exchange and shareswap agreements with OTP Bank Plc.
|
-5,010,501
|
|
|
The share lending agreement with OTP Bank Plc. was modified
|
1,605,560
|
|
| The share lending agreement with MFB Invest Zrt. was modified | 4,665,582 | |
| MOL paid 6,271,142 “A” series MOL shares for a 10% ownership package of Pearl | -6,271,142 | |
| The call options of MOL concluded with BNP Paribas S.A. | 7,552,874 | |
| Share sold on BSE to finance its share from the 2009 work program of Pearl project with cash | -67,047 | |
| Share transfer to Dana Gas and Crescent Petroleum to finance its share from the 2009 work program of Pearl project | -51,090 | |
|
Number of Treasury shares on 31 December 2009
|
7,434,737
|
578
|
Changes in organisation and senior management
The AGM approved the election of Dr. Sándor Csányi to be Member of the Board of Directors from 29th April 2009 until 29th April 2014.
The AGM approved election of Dr. Miklós Dobák to be Member of the Board of Directors from 29th April 2009 until 29th April 2014.
The AGM dismissed Mr János Major from its position as employee member of the Supervisory Board from May 1, 2009.
The AGM elected Mr József Kohán as employee member of the Supervisory Board from May 1, 2009 to October 11, 2012.
Supply and Trading division has been set up via the alteration of Gas and Power division from 1 July 2009. As a consequence of the successful transaction of INA and IES, it is reasonable to establish an efficient, hydrocarbon and energy supply and trading division at a group level which follows the international oil companies’ practice.
Sándor Fasimon was delegated to lead the new division, while Lajos Alács the former leader of the Gas and Power became the director of Supply Chain Management and was elected to the INA Management Board.
From 10 June, 2009 Mr László Geszti, the President of the Management Board of INA, focuses on INA developments. Mr László Piry was delegated to the Executive Vice President of Retail of MOL Nyrt. as of 1 October 2009. Mr Piry has worked as Polymer Marketing and Sales Manager of TVK Plc. since 7 June 2004.
On 26 February, 2010 President of INA Management Board, Mr. László Geszti announced to resign from his position due to health reasons. Mr. Zoltán Áldott, Executive Vice President of Exploration and Production Division of MOL Group was nominated as his successor, while retaining his position in MOL Plc. Mr. László Geszti continues to serve MOL Group as senior advisor to Mr. Zsolt Hernádi, Chairman and CEO of MOL Plc.
MOL securities held by Directors and Officers of the company as of 31 December, 2009
|
Name
|
Current position
|
Number of MOL shares
|
|
Zsolt Hernádi
|
Executive Chairman and Chief Executive Officer, Chairman of the Board of Directors
|
178,951
|
|
Dr. Sándor Csányi
|
member of the Board of Directors, Vice Chairman
|
5,000
|
|
György Mosonyi
|
Group Chief Executive Officer, member of the Board of Directors
|
68,420
|
|
József Molnár
|
Executive Vice President of Finance, member of the Board of Directors
|
46,111
|
|
László Akar
|
member of the Board of Directors
|
31,175
|
|
Mulham Basheer Abdullah Al Jarf
|
member of the Board of Directors
|
0
|
|
Dr. Miklós Dobák
|
member of the Board of Directors
|
24,780
|
|
Dr. Gábor Horváth
|
member of the Board of Directors
|
17,210
|
|
Dr. Ernõ Kemenes
|
member of the Board of Directors
|
26,053
|
|
Iain Paterson
|
member of the Board of Directors
|
23,790
|
|
Miklós Kamarás
|
member of the Board of Directors
|
0
|
|
Dr. Mihály Kupa
|
Chairman of the Supervisory Board
|
0
|
|
Benedek Lajos
|
member of the Supervisory Board, representative of the employees
|
0
|
|
John I. Charody
|
member of the Supervisory Board
|
0
|
|
Dr. Attila Chikán
|
Deputy-Chairman of the Supervisory Board
|
0
|
|
Slavomir Hatina
|
member of the Supervisory Board
|
0
|
|
Attila Juhász
|
member of the Supervisory Board, representative of the employees
|
0
|
|
Prof. Sándor Lámfalussy
|
member of the Supervisory Board
|
380
|
|
János Kohán
|
member of the Supervisory Board, representative of the employees
|
0
|
|
István Vásárhelyi
|
member of the Supervisory Board
|
167
|
|
Zoltán Áldott
|
Executive Vice President
Exploration and Production
|
70,000
|
|
Sándor Fasimon
|
Executive Vice President
Supply and Trading
|
20,561
|
|
Ferenc Horváth
|
Executive Vice President
Refining and Marketing
|
44,320
|
|
Árpád Olvasó
|
Senior Vice President
Petrochemicals
|
0
|
|
László Piry
|
Executive vice president
Retail
|
0
|
|
József Simola
|
Executive Vice President
Corporate Centre
|
21,310
|
