On 10 September 2009, 2,930,697 new shares in PA Resources AB (publ)
were registered with the Swedish Companies Registration Office as a
result of completed conversions of PA Resources' convertible
2008/2014.
On 10 September 2009, 2,930,697 new shares in PA Resources AB (publ)
were registered with the Swedish Companies
Registration Office as a consequence of convertible bonds with a
nominal value of SEK 46,891,152 being exercised for conversion. The
conversion price is 16 SEK per share.
Following the conversions, PA Resource's share capital is SEK
79,722,350.50 divided on 159,444,701 shares.
The total loan amount of outstanding convertible bonds amounts to SEK
1,117,220,880 after the conversion.
The registered share capital increase relates to applications for
conversion filed during the first week of September 2009. The
conversion period runs throughout the month of September.
The new shares are listed on the Oslo Stock Exchange and NASDAQ OMX
Nordic Exchange Stockholm, after the new shares are registered with
the Companies Registration Office.
Stockholm, 11 September 2009
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik
Executive Vice President and CFO
PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 70 819 59 18
or
Ann-Kristin Littorin
Head of Corporate Communication
PA Resources AB
Mobile: +46 73 923 03 68
PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial
Guinea and the Republic of Congo (Brazzaville). PA Resources is today
one of the largest oil producers in Tunisia. The parent company is
located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,420 Million during 2008.
The company is primary listed on the Oslo Stock Exchange in Norway
(segment OB Match) and secondary listed on the NASDAQ OMX Nordic
Exchange in Stockholm, Sweden (segment Mid Cap). For additional
information, please visit www.paresources.se.
