Tethys Oil to repurchase shares
The Board of Directors has, based on the authorization from the Annual General Meeting (”AGM”) on 13 May 2020, decided to initiate a share buy-back program. The maximum amount for which shares may be acquired may not exceed SEK 42 million (approximately MUSD 5). The buy-back program will be managed independently by an investment bank.The main reason for the buy-back program is to give the company flexibility regarding its equity and thereby optimize the capital structure of the company. Repurchased shares may also be used as payment for, or financing of, acquisitions of companies or