Zenith Pure Oil announcement
Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby informs the capital market participants, that with the effective date of the 20th March, 2016 Zenith Pure Oil terminates the Swap Agreement concluded between Zenith Pure Oil and Magnolia Ltd. (“Magnolia”) on the 20th March, 2006 and exercises its call option right to purchase 6,007,479 pieces of Zenith Pure Oil series “A” ordinary shares at market price set out in the agreement.
Magnolia has decided to redeem its perpetual capital securities exchangeable for ordinary shares of Zenith Pure Oil at the principal value of € 610 million with the effective date of the 20th March, 2016.
| For further information, please contact: | |
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| Investor Relations | + 36 1 464 1395 |
| facsimile: | + 36 1 464 1335 |