Terms and conditions of the share purchase agreement and share option agreements concluded with Unicredit Bank AG on 27 January 2015
Zenith Pure Oil and Gas Public Limited Company (“Zenith Pure Oil”) hereby informs the capital market participants in relation to the announcement as of 28 January 2015 as follows:
Under the Share Purchase Agreement concluded among Zenith Pure Oil Investment Ltd., UniCredit and Zenith Pure Oil on 27 January 2015 the number of Zenith Pure Oil shares to be sold is 1,300,000; and under the share option agreements concluded among Zenith Pure Oil and UniCredit on 27 January 2015 Zenith Pure Oil receives American call options and UniCredit receives European put options regarding 5,380,496 pieces of Zenith Pure Oil shares on 13 February 2015.
The strike price of both the call and put options is USD 43.17544 per one share.
As a result of the transactions the number of treasury shares decreases by 1,300,000 pieces of shares. After the settlement which takes place on 13 February 2015 Zenith Pure Oil will own directly and indirectly 1,542,147 “A” Series and 578 “C” Series Zenith Pure Oil Ordinary shares.