MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that according to Act XVIII of 2026 on the amendment of certain laws required for access to European Union Funds, non-university related public interest trusts performing public duties (hereinafter: KEKVA) shall be dissolved by July 31, 2026.
"According to the Act, MOL may decide whether it wishes to continue operating the MOL New Europe Foundation (hereinafter: MNEF), a KEKVA which had been established by MOL and the Hungarian State under Act XIX of 2021, in another foundation form," the company says.
MOL's Board of Directors says it has decided that it does not wish to operate MNEF in another foundation form. Therefore, after the termination of MNEF, the 42,977,996 Series “A” MOL shares contributed to MNEF by MOL in 2021, as well as MNEF’s other assets attributable to MOL, are expected to come into MOL’s possession.
As a result of this development and the treasury share transaction announced on July 3, 2026, MOL’s treasury share holdings are expected to increase significantly.
In light of the current regulatory environment and shareholder interests, MOL will carry out its 2026 dividend payment following the asset settlement agreement with the Hungarian State.
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