RT News

Monday, December 24, 2012

Capital securities transaction of a MOL manager

broadford bay: Let's hope he knows something that will also turn out to be to our advantage! Mr. József Simola, Chief Financial Officer of MOL Group bought 2 pieces of MOL GROUP FINANCE USD bond expiring on 26 September 2019 with nominal value USD 200,000 at 105.75 % on the OTC market on 21 December 2012. The transaction was made with the assistance of Erste Befektetési Ltd. as investment service provider and following the financial deal Mr. József Simola owns 2 pieces of MOL GROUP FINANCE USD bond. Publish date: 2012-12-21 Must have had a good XMas bonus! Mr. József Simola, Chief Financial Officer of MOL Group bought 2 perpetual exchangeable capital security, issued by Magnolia Finance Ltd, exchangeable into “A” Series MOL Ordinary Shares with nominal value EUR 100,000 at 69.85% on the OTC market on 18 December 2012, with the assistance of Concorde Securities Ltd. as investment service provider. After the transaction Mr. József Simola owns 3 Magnolia securities. For further information, please contact: Investor Relations + 36 1 464 1395 facsimile: + 36 1 464 1335 Publish date: 2012-12-18 Be pleasant if gkp's directors bought some shares in such a way that an RNS was released. Of course, right now they are not interested in the share price rising...but after the case, a bit of a vote of confidence from directors would be nice to see.
Exchangeable Security: An investment instrument that grants its holder the right to trade it at some point in the future for a fixed number of shares of common stock of a firm, other than the issuer. An exchangeable security is one that is redeemable for the securities of another issuer, such as a subsidiary or affiliate of the issuer. The exchange may be at the option of the issuer or at the option of the holder of the security. Exchangeable securities are often issued by corporations that are involved in a takeover. The acquiring company wished to purchase the target company, but may need money to advance the transaction. The acquiring company can sell an exchangeable security, giving the owner of the exchangeable security the right to a specified number of shares in the target company after a specified date. If the transaction (acquisition) is successful, the exchangeable security can be traded for shares of the target company. Definition of 'Perpetual Preferred Stock' A type of preferred stock that has no maturity date. The issuers of perpetual preferred stock will always have redemption privileges on such shares. Issued perpetual preferred stock will continue paying dividends indefinitely. Perpetual preferred stock also has a cumulative version that accumulates dividends from one period to the next. Both types of stock are designed for relatively conservative long-term investors. ============ biggordy :Matty, I also think it worth mentioning that the closing sp of £1.64 values GKP at 85 cents/barrel which is lower than if M&S rules for previously discovered oil were to apply and the oil is valued at $1 a barrel. I bet if Ashti were to offer the GKP contracts to M&S they would pay the going rate in the south for unexplored oil which if my memory serves me well is $5.50. I'm holding until the end game no matter how long it takes. Matty Miller : We currently have about 2.7 Billion Barrels of declared reserves altho this should be higher and doesn't include the recent discovery at Sheikh Adi-2... The market is valuing these assets at 53.2p a barrel or about 1/10 of any take over price. Patahi-millionaire mick, a look at the companies website and news will tell you all you need to know. If you can't be bothered to commit to basic research, don't bother us with such inane questions.. ---------------------------------------- It's beyond belief as to why some people ask those questions when it just requires a little basic research. Unbelievable.

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