PA Resources has submitted an application to delist its shares per 31 December 2015
On Friday, 20 November 2015, PA Resources submitted an application to delist its shares from the Nasdaq Stockholm exchange. The application follows the decision by the board of directors to proceed with the delisting as communicated in the press release PA Resources announces its intention to divest its assets and apply for delisting, published on the 17 November 2015.
In the application to Nasdaq Stockholm the last date for trading the share has been set to 31 December 2015. PA Resources’ commitment to its creditors to delist its shares was first announced in conjunction with the publication of the Reorganisation Plan on the 9 September 2015. The board of directors deems the 31 December 2015 to be an appropriate date for cessation of trading as by then, sufficient time has passed since the delisting announcement to allow shareholders in PA Resources to sell their shares if they so wish. The last day of trading will, however, ultimately be determined by Nasdaq Stockholm once the application has been processed.
Following the delisting the shareholders will retain their shares in PA Resources as an unlisted holding.
Stockholm 23 November, 2015
PA Resources AB (publ)
For additional information, please contact:
Petter Hjertstedt, Investor Relations
Phone: +46 8 545 211 54
PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), United Kingdom, Denmark, Netherlands and Germany. PA Resources has oil production in Tunisia. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 603 million in 2014. The share is listed on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se.
The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08:30 CET 23 November 2015.