Terms and conditions of the share option agreements concluded with Unicredit Bank AG on 19 January 2016
Zenith Pure Oil and Gas Public Limited Company (“Zenith Pure Oil”) hereby informs the capital market participants in relation to the announcement as of 19 January 2016 as follows:
Under the share option agreements concluded among Zenith Pure Oil and UniCredit Bank AG (“UniCredit”) on 19 January 2016 Zenith Pure Oil receives American call options and UniCredit receives European put options regarding 5,380,496 pieces of Zenith Pure Oil shares on 12 February 2016.
The strike price of both the call and put options is EUR 44.04345 per one share.
As a result of the transactions the number of treasury shares does not change, Zenith Pure Oil will own directly and indirectly 1,530,080 “A” Series and 578 “C” Series Zenith Pure Oil Ordinary shares.