Tethys Oil AB (publ) (OM:TETY) commences share repurchases on September 16, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2021. As per the mandate, the company is authorized to repurchase its own shares such that its holding in treasury does not exceed 10% of all the shares in the company. The purpose of the program is to provide flexibility regarding its equity and thereby optimize its capital structure. The repurchases may also enable own shares to be used as payment for, or financing of, an acquisition of a company or a business or in connection with the handling of incentive programs. The program will be valid till the next Annual General Meeting in 2022. As of April 16, 2021, the company has 33,056,608 shares in issue of which 435,640 shares are held in treasury. On September 9, 2021, the company announces a share repurchase program. Under the program, the company will repurchase its own shares. The purpose of the program is to provide flexibility regarding its equity and thereby optimize the capital structure of the company. The repurchased shares may also be used as payment for, or financing of, acquisitions of companies or businesses or in connection with handling of incentive programs. The shares will be repurchased at a price within the registered price interval at any given time, the range between the highest bid price and lowest selling price, and otherwise in accordance with the conditions for repurchases set out in the Nasdaq Stockholm Issuer Rules and in accordance with MAR and the Safe Harbour Regulation. The program is valid till next annual general meeting.