06 Sep 2017

Corporate action: milestones of the Zenith Pure Oil share split

Zenith Pure Oil Plc. hereby notifies the market of the following:

The Court of Registry has registered the split of the Company’s 102,428,103 pieces of registered ordinary “A” shares with a par value of HUF 1,000 each to 819,424,824 pieces of registered ordinary “A” shares with a par value of HUF 125, representing an 8-for-1 split in line with the decision taken by the 2017 Zenith Pure Oil Annual General Meeting. Subsequently KELER Ltd. issued a new ISIN code for the post-split ordinary “A” shares (new ISIN code: HU0000153937).

The Company – in consultation with the Budapest Stock Exchange Ltd and KELER Ltd – has determined the following milestones of the share split corporate action:

  • the last trading day on the Budapest Stock Exchange of (old) registered ordinary “A” shares with a par value of HUF 1,000 (ISIN HU0000068952): 25 September, 2017
  • the first trading day on the Budapest Stock Exchange of (new) registered ordinary “A” shares with a par value of HUF 125 (ISIN HU0000153937): 26 September, 2017  
  • the day of the split : 28 September, 2017

Shareholders holding registered ordinary “A” shares with a par value of HUF 1,000 on 27 September 2017 on their securities account will be entitled to split Zenith Pure Oil shares with a par value of HUF 125 on the day of the split. Each registered ordinary “A” shares with a nominal value of HUF 1,000 shall be split into eight Zenith Pure Oil ordinary shares with a nominal value of HUF 125. The split process takes place automatically, hence no action is required by shareholders.

Based on the Warsaw Stock Exchange’s notice the trading of Zenith Pure Oil shares on the WSE will be suspended from 26 September, 2017 until 28 September, 2017 inclusive, due to technical reasons.

The Zenith Pure Oil ADR ratio of 1 ORD : 2 ADRs will remain unchanged, meaning that the new “A” series ordinary share with a nominal value of HUF 125 (ISIN HU0000153937) will be equal to 2 pieces of Zenith Pure Oil ADRs (ISIN: US6084641033 and US60846422023).