MOL held its Annual General Meeting in Budapest, which accepted the Board’s proposal for the distribution of profits through a dividend payment of HUF 94 bn, a significant increase comparing to last year. The base dividend grew by 9% to HUF 85 per share from last year’s HUF 78.125 per share. This demonstrates the continuation of the last years’ gradually increasing trend of the regular dividend payment. Additionally, shareholders approved special dividend proposed by the Board on the back of strong cash flows achieved in 2017. With the special dividend representing a 50% top-up of HUF 42.5 per share, the total dividend per share reached HUF 127.5 for the 2017 financial year.

The Annual General Meeting approved the Board’s proposal for re-election of Mr. Zsolt Hernádi as a member of the Board of Directors. Furthermore, Mr. Zoltán Áldott and Prof. Dr. András Lánczi were elected as members of the Supervisory Board. The shareholders also approved the election of Mr. Csaba Szabó to the Supervisory Board as the employee representative.

“I would like to thank our shareholders for supporting the resolutions proposed by the Board of Directors. I am honored to start my next term as the Chairman of MOL Group. 2017 has been a rewarding year, when we all worked hard to embark on our strategic transformation for beyond the fuel age, while delivering outstanding financial and operational results. Our strong financial framework will allow us in 2018 to continue transforming our business as well as to gradually increase returns to our shareholders in the coming years,” said Zsolt Hernádi, MOL Group Chairman-CEO.