Brief: Tethys Oil AB Now Proposes An Extraordinary Distribution Of Sek 3.00 Per Share By Way Of A Mandatory Share Redemption

Tethys Oil AB

06/04/2020 19:31

April 6 (Reuters) - Tethys Oil AB  TETY.ST :
    * NOW PROPOSES AN EXTRAORDINARY DISTRIBUTION OF SEK 3.00 PER
SHARE
BY WAY OF A MANDATORY SHARE REDEMPTION
    * BOARD OF DIRECTORS WILL ALSO PROPOSE TO AGM TO CANCEL ALL
3,238,352 TREASURY SHARES HELD BY COMPANY
    * BOARD OF DIRECTORS WILL ALSO PROPOSE TO AGM TO CANCEL ALL
3.24
MILLION TREASURY SHARES HELD BY COMPANY
    * BOARD WILL ALSO REQUEST FROM AGM A RENEWED MANDATE TO
REPURCHASE
UP TO 10 PERCENT OF ISSUED SHARES

Source text for Eikon:  ID:nWkr2Jt2DP 
Further company coverage:  TETY.ST 

 ((Reuters.Briefs@thomsonreuters.com;))