OREANDA-NEWS. The Annual General Meeting of MOL Hungarian Oil and Gas Company Public Limited Company (MOL Pic.) held on 14 April 2016 approved to pay a dividend of HUF 55 billion in respect of the 2015 financial year.

The payment of dividend will commence on 8 June 2016 (starting day of the dividend payment)

Prior to payment of the dividend, MOL Pic. will carry out a shareholder identification, based on the data of 1 June 2016 (Record Date). The last day of trading on the Budapest and the Warsaw Stock Exchanges for shares entitled to the dividend of 2015 financial year will be 30 May 2016 in case of T+2 days settlement (ex-coupon day: 31 May 2016). Shareholders (natural persons and legal entities) will be entitled to receive the dividend if they own MOL shares at the Record Date, and they have requested to be recorded as shareholders in the Company Share Register. Shareholders will remain entitled to receive the dividend within a limited five-year period (set by the statute of limitation) beginning at the starting day of the dividend payment. The Company is not obliged to pay any interest on dividends paid after 8 June 2016.

According to the resolution of the Annual General Meeting the dividend on treasury shares will be distributed to shareholders entitled to receive dividend, in proportion to their number of shares. Therefore, the Dividend Per Share may change depend on how many treasury shares will be held by MOL Pic. on the Record Date.

The Dividend Per Share will be announced by the Company until 26 May 2016.