The board of directors of Tethys Oil AB (publ) has today decided to withdraw
the proposal regarding a long term incentive programme and consequently to
cancel the Extraordinary General Meeting, scheduled to take place on Friday
November 14th 2014. The board has taken note of viewpoints from international
institutions on the proposed programme, and intends to propose a revised
incentive programme to the Annual General Meeting in May 2015.
Stockholm, November 2014
TETHYS OIL AB (publ)
The Board of Directors
For further information, please contact
Magnus Nordin, Managing Director, phone +46 70 576 6555; magnus@tethysoil.com
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The information in this press release has been made public by the Company in
accordance with the Securities Market Act and/or the Financial Instruments
Trading Act.
Tethys Oil AB (publ)
Tethys Oil is a Swedish energy company focused on exploration and production of
oil and natural gas. Tethys Oil’s core area is Oman, where the company is one
of the largest onshore oil and gas concession holders. Tethys Oil also has
exploration and production assets onshore France and Lithuania. The shares are
listed on Nasdaq Stockholm (TETY).
Website: www.tethysoil.com
