Tethys Oil has, in accordance with previously announced resolution on
the Annual General Meeting, launched a mandatory share redemption
procedure whereby every share in Tethys Oil is split into one ordinary
share and one redemption share. As a result, the number of shares and
votes in Tethys Oil has changed.
As per 31 May 2015, the total number of shares amounts to 71,087,500, of
which 35,543,750 are ordinary shares and 35,543,750 are redemption
shares. The total number of votes has also increased from 35,543,750 to
71,087,500 votes.
The redemption shares are being traded until 10 June 2015 on Nasdaq
Stockholm. With record date 12 June 2015, the redemption shares will be
automatically redeemed and SEK 2.00 in cash consideration for each
redemption share will be paid. After the redemption, the outstanding
number of shares and votes will return to 35,543,750.
This information constitutes an announcement of an increase in the
number of shares and votes pursuant to Chapter 4, Section 9, first
paragraph of the Financial Instruments Trading Act (1991:980).
For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 505 947 00
Morgan Sadarangani, CFO, phone +46 8 505 947 01
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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
