Tethys Oil has since 2014 been purchasing own shares.
The AGM 2020 resolved to authorise the Board of Directors to, up until the Annual General Meeting 2021, resolve on purchases of own shares. The main reason for possible purchases is to give the Company flexibility regarding its equity and thereby optimise the capital structure of the Company. Possible purchases may also enable own shares to be used as payment for, or financing of, acquisitions of companies or businesses or in connection with the handling of incentive programmes.
- Purchases may be effected on Nasdaq Stockholm.
- Purchases may be made by a maximum of so many shares that the Company’s holding of own shares after the purchase amounts to a maximum of one-tenth of all the shares in the Company.
- Purchases of shares may only be effected on Nasdaq Stockholm within the registered price interval at any given time.
The repuchases can be followed at Nasdaq Corporate Actions Stockholm.