Change in number of shares and votes in Tethys Oil


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

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).