Brief: Tethys Oil To Repurchase Shares

Tethys Oil AB

11/12/2020 10:11

Dec 11 (Reuters) - Tethys Oil AB  TETY.ST :
    * TETHYS OIL TO REPURCHASE SHARES
    * INITIATE A SHARE BUY-BACK PROGRAM. MAXIMUM AMOUNT FOR
WHICH
SHARES MAY BE ACQUIRED MAY NOT EXCEED SEK 42 MILLION
(APPROXIMATELY MUSD 5)
    * MAIN REASON FOR BUY-BACK PROGRAM IS TO GIVE COMPANY
FLEXIBILITY
REGARDING ITS EQUITY AND THEREBY OPTIMIZE CAPITAL STRUCTURE OF
COMPANY.
    * REPURCHASED SHARES MAY ALSO BE USED AS PAYMENT FOR, OR
FINANCING
OF, ACQUISITIONS OF COMPANIES OR BUSINESSES OR IN CONNECTION
WITH HANDLING OF INCENTIVE PROGRAMS.

Source text for Eikon:  ID:nNDL1WtYQ2 
Further company coverage:  TETY.ST 

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