Change in number of shares and votes in Tethys Oil


Tethys Oil has, in accordance with previously announced information,
started a mandatory share redemption procedure whereby every share in
Tethys Oil AB has been split into an ordinary share and a redemption
share. As a result, the number of shares and votes in Tethys Oil has
changed.


As per 1 October 2016, the total number of shares and votes in the
company amounted to 35,543,750. Following registration by the Swedish
Companies Registration Office as of today of the extraordinary general
meeting’s resolution on a split of each existing share into an ordinary
share and a redemption share, the total number of shares and votes in
the company amounts to 71,087,500, of which 35,543,750 are ordinary
shares and 35,543,750 are redemption shares.

The redemption shares will be traded until 16 November 2016 on Nasdaq
Stockholm. The record date will be on 18 November 2016, whereupon the
redemption shares will be automatically redeemed and SEK 3.00 in cash
consideration for each redemption share will be paid. Redemption shares
held by the company will, however, not entitle to payment.

During October 2016, the total number of shares and votes increased from
35,543,750 shares and votes to 71,087,500 shares and votes as a result
of the share split made in conjunction with the above mandatory
redemption procedure. Consequently, as per 31 October 2016, the total
number of shares and votes in Tethys Oil AB (publ) amounts to 71,087,500
shares and votes.

 

For further information, please contact

Magnus Nordin, managing director, phone +46 8 505 947 00

Morgan Sadarangani, CFO, phone +46 8 505 947 01

 

Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and
production of oil. Tethys Oil’s core area is the Sultanate of Oman,
where the company is one of the largest onshore oil concession holders
with a current net production of about 12,000 barrels of oil per day.
Tethys Oil also has exploration and production assets onshore Lithuania
and France. The shares are listed on Nasdaq Stockholm (TETY).

Website: www.tethysoil.com

 

Tethys Oil AB (publ) discloses the information provided herein pursuant
to the Financial Instruments Trading Act. The information was submitted
for publication at 16.00 CET on Monday, 31 October 2016.

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 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).