Tethys Oil’s holding of own shares has decreased below 5 percent

Tethys Oil AB (publ) (“Tethys Oil”) has, in accordance with the resolution at the Annual General Meeting on 13 May 2020, cancelled 3,238,352 treasury shares previously repurchased by the company.

After the cancellation of treasury shares, the total number of shares and votes in Tethys Oil amounts to 33,056,608. Tethys Oil does no longer hold any treasury shares.

The share capital of SEK 6,050,862.2350 remains unchanged, since it, simultaneous with the resolution to reduce the share capital by way of cancellation of repurchased treasury shares, was resolved to increase the share capital by a transfer from non-restricted shareholders’ equity to the share capital (bonus issue). As a result, the share capital has been restored to its balance prior to the reduction, without issuing any new shares. The quota value of each share has changed from approximately SEK 0.166714 to approximately SEK 0.183045.

For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 505 947 00

This information is information that Tethys Oil AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 17:40 CEST on 12 June 2020.