Tethys Oil Initiates Repurchase Programs of Own Shares

Source: www.gulfoilandgas.com 9/11/2017, Location: Europe

The Annual General Meeting of May 17, 2017 authorized the Board to decide on the acquisition of own shares. The Board has decided to initiate a repurchase program of own shares under the authorization. The main purpose of the repurchase program is that the company should achieve flexibility regarding equity and thus be able to optimize the company's capital structure. Repurchased shares may also be used as liquidation or financing of acquisitions of companies or businesses or in connection with management of incentive programs.

Repurchases of own shares may only be made on Nasdaq Stockholm and at a price within the applicable price range at any given time. The number of shares that may be acquired on one or more occasions until the Annual General Meeting 2018 amounts to a maximum of a number which, at any given time, means that the company's holding of own shares does not exceed one tenth of all shares in the company.

Tethys Oil currently owns 1,329,224 own shares.


Canada >>  8/15/2022 - Pembina Pipeline Corporation ("Pembina" or the "Company") is pleased to announce that it has completed its previously announced joint venture transact...
United States >>  8/15/2022 - VAALCO Energy, Inc., a Delaware corporation ("VAALCO"), announced that its Board of Directors has set the record date for a special meeting of its sto...

United States >>  8/15/2022 - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client PGH Petro...
Australia >>  8/11/2022 - Santos has acquired Hunter Gas Pipeline Pty Ltd which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in N...

Nigeria >>  8/11/2022 - Seplat Energy has become aware of a news report that Ministerial Approval of the Company's proposed acquisition of the entire share capital of Mobil P...
United States >>  8/11/2022 - Kinder Morgan, Inc. has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.