On 13 September 2024, Roc Oil Company Pty Limited (“ROC”) announced a recommended public cash offer to the shareholders of Tethys Oil AB (publ) (“Tethys Oil”) to tender all their shares in Tethys Oil to ROC at a price of SEK 58.70 in cash per share (the “Offer”). On 18 December 2024, ROC declared the Offer unconditional and announced that the Offer had been accepted to such extent that ROC will become the owner of 89.98 percent of the shares and votes in Tethys Oil, and including the additional shares acquired by ROC outside of the Offer approximately 90.003 percent of the shares and votes in Tethys Oil, upon settlement of the Offer. Settlement of the Offer took place on 23 December 2024. ROC has also informed the board of directors of Tethys Oil that ROC will initiate a compulsory redemption of the shares in Tethys Oil not held by ROC, and requested that the board of directors of Tethys Oil applies for delisting of the shares in Tethys Oil from Nasdaq Stockholm.
Against this background, the board of directors of Tethys Oil has today, in accordance with ROC’s request, applied for delisting of the shares in Tethys Oil from Nasdaq Stockholm and Nasdaq Stockholm has approved the Company’s application. The last day of trading in the shares in Tethys Oil on Nasdaq Stockholm will be 10 January 2025.