Dividend and redemption

2020

  • The board of directors proposes an ordinary dividend of SEK 2.00 per share (2019: SEK 2.00)
  • The board of directors proposes an extraordinary distribution of SEK 3.00 by way of a mandatory share redemption programme following the 2020 AGM (2019: SEK 6.00)

(Proposal revised on 6 April 2020)

SEK/share
(Payment year)
Ordinary
dividend
Extraordinary distributionTotalDividend yield at announcement
2020 (proposal to AGM)2.003.005.0011%
20192.006.008.0011%
20182.004.006.0010%
20171.00-1.001%
20161.003.004.007%
20151.002.003.004%

2019

The Annual General Meeting of Tethys Oil on 15 May 2019 resolved on a dividend for the financial year 2018 of SEK two (2) per share, to be paid in two instalments of SEK one (1) per share each in May and November 2019. The record dates for the dividends were 17 May 2019 and 18 November 2019 respectively, which means that the last days of trading in the share including the right to receive dividends were 15 May 2019 and 14 November 2019 respectively.

The Meeting also resolved on an extraordinary distribution of SEK six (6) per outstanding share. In order to effect the extraordinary distribution, the Meeting resolved on a share split (1:2), 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 reduced share capital. The record date for the share split is 22 May 2019, which means that the last day of trading including the right to receive split shares is 20 May 2019.

More information

Summary from the AGM

Tax recommendations redemption proceure 2019

The Swedish tax agency has issued recommendations regarding the redemption proceure in 2019 that may be helpful for your declaration. The documents are only available in Swedish:

Skatteverkets meddelande (in Swedish)

Skatteverkets allmänna råd (in Swedish)

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 to be paid in two instalments of SEK one (1) per share each in May and November 2018. The record date for the dividend in November is 14 November 2018, which means that the last day of trading in the share including the right to receive dividend is 12 November 2018.

The annual general meeting 2018 also resolved on a redemption procedure, whereby every share is split into one ordinary share and one redemption share. The redemption share was in May/June automatically redeemed at SEK 4.00 per share.

Download more information about the redemption procedure, including timetable.

Summary from the AGM

Tax recommendations redemption proceure 2018

The Swedish tax agency has issued recommendations regarding the redemption proceure in 2018 that may be helpful for your declaration. The documents are only available in Swedish:

Skatteverkets meddelande (in Swedish)

Skatteverkets allmänna råd (in Swedish)

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. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49 and Block 56. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The company’s shares are listed on Nasdaq Stockholm (TETY). Website: www.tethysoil.com