Tethys Oil AB Approves Ordinary Dividend and Extraordinary Dividend for the Year 2019; Elects Klas Brand as Member of the Board of Directors; Approves Amendments of Articles of Association
The Meeting also resolved on an extraordinary distribution of SEK three (3) per outstanding share. In order to effect the extraordinary distribution, the Meeting resolved on a share split (1:2), a reduction of the share capital with redemption of shares and an increase of the share capital by way of a bonus issue equalling the amount of the reduced share capital. The record date for the share split is 22 May 2020, which means that the last day of trading including the right to receive split shares is 19 May 2020.
The meeting also approved the election of Klas Brand as member of the Board of Directors until the end of the Annual General Meeting 2021.
The Meeting resolved in accordance with the proposal of the Board of Directors to amend the Articles of Association to reduce the minimum and maximum number of shares and make certain other formal changes.