Tethys Oil has, in accordance with previously announced resolution on the Annual General Meeting (“AGM”) on 19 May 2021, 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. The change is temporary since the same AGM also resolved on a redemption of the new shares.
As per 31 May 2021, the total number of shares amounts to 66,113,216, of which 33,056,608 are ordinary shares and 33,056,608 are redemption shares. The total number of votes has also increased from 33,056,608 to 66,113,216 votes.
The redemption shares are being traded up to and including 10 June 2021 on Nasdaq Stockholm. With record date 14 June 2021, 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 33,056,608.