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Dividend and redemption

2018

The Annual General Meeting in Tethys Oil resolved on 9 May 2018 a dividend for the financial year 2017 of SEK two (2) per share, amounting to a total of SEK 67,799,174, to be paid in two instalments of SEK one (1) per share each in May and November 2018. The record dates for the dividends are 14 May 2018 and 14 November 2018, which means that the last days of trading in the share including the right to receive dividends are 9 May 2018 and 12 November 2018 respectively.

The Meeting also resolved on an extraordinary distribution of SEK four (4) per share equal to SEK 135,598,348. In order to effect the extraordinary distribution, the Meeting resolved on a share split (1:2) including an amendment of the Company’s articles of association regarding the number of shares in the Company, a reduction of the share capital with redemption of shares and an increase of the share capital by way of a bonus issue equalling the amount of the redeemed share capital. The record date for the share split is 14 May 2018 which means that the last day of trading including the right to receive split shares is 9 May 2018.

Download more information about the redemption procedure, including timetable.

Summary from the AGM

2017

The annual general meeting 2017 resolved on a cash dividend of SEK 1.00 per share.

2016

EGM 2016

An extraordinary general meeting 25 October 2016 resolved on a redemption procedure, whereby every share is split into one ordinary share and one redemption share. The redemption share is then automatically redeemed at SEK 3.00 per share.

Download more information about the redemption procedure, including timetable.

Tax recommendations redemption proceure 2016

The Swedish tax agency has issued recommendations regarding the redemption proceure in 2016 that may be helpful for your declaration. The documents are only available in Swedish:

Skatteverkets allmänna råd (in Swedish)

Skatteverkets meddelande (in Swedish)

AGM 2016

The annual general meeting 2016 resolved on a cash dividend of SEK 1.00 per share.

2015

AGM 2015

The annual general meeting 2015 resolved on a cash dividend of SEK 1.00 per share.

The annual general meeting 2015 also resolved on a redemption procedure, whereby every share is split into one ordinary share and one redemption share. The redemption share is then automatically redeemed at SEK 2.00 per share.

Tax recommendations redemption proceure 2015

The Swedish tax agency has issued recommendations regarding the redemption proceure in 2015 that may be helpful for your declaration. The documents are only available in Swedish:

Skatteverkets allmänna råd (in Swedish)

Skatteverkets meddelande (in Swedish)

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P Reserves of 22 mmbo and 2C Contingent Resources of 17 mmbo and had an average oil production of 12,162 barrels per day from Blocks 3&4 during 2017. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).