Revised proposal of extraordinary distribution to shareholders, proposal to cancel treasury shares and Q1 2020 cash update
Tethys Oil’s Board of Directors has, in light of recent market developments, decided to revise its proposal for an extraordinary distribution to shareholders. The original proposal was for an extraordinary distribution of SEK 6.00 per share by way of a mandatory share redemption programme. The Board of Directs now proposes an extraordinary distribution of SEK 3.00 per share by way of a mandatory share redemption. The proposal of an ordinary dividend of SEK 2.00 per share remains, but is proposed to be paid in one instalment of SEK 2.00 per share immediately after the AGM instead of originally