The Annual General Meeting on 13 May 2015 resolved on a mandatory share
redemption procedure, whereby every share in Tethys Oil is split into
one ordinary share and one redemption share. Each redemption share will
automatically be redeemed for a cash payment of SEK 2.00. After the
redemption procedure, each shareholder will own the same amount of
shares as before.
The last day of trading in Tethys Oil’s share including the right to
receive redemption shares is 25 May 2015. The record date for the share
split and receipt of redemption shares is 27 May 2015. There is no
action required on the part of the shareholder in order to receive
redemption shares. Trading in redemption shares is expected to take
place on Nasdaq Stockholm during the period 28 May–10 June 2015.
The record date for payment of the redemption settlement is 12 June
2015. The redemption settlement will be paid on or about 17 June 2015.
Payment will be effected automatically via Euroclear Sweden to the
redemption shareholder’s yield account.
More information on the share redemption procedure is available on
Tethys Oil’s website, www.tethysoil.com.
For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 505 947 00
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Tethys Oil AB (publ)
Tethys Oil is a Swedish energy company focused on exploration and
production of oil and natural gas. Tethys Oil’s core area is Oman, where
the company is one of the largest onshore oil and gas concession
holders. Tethys Oil also has exploration and production assets onshore
France and Lithuania. The shares are listed on Nasdaq Stockholm (TETY).
Website: www.tethysoil.com
