As previously announced the Extraordinary General Meeting of Shelton Petroleum
on 22 August 2013 has resolved to offer the holders of convertible bond 2012/
2013, originally issued in 2009 and maturing on 31 December 2013, to exchange
the bond in the amount of SEK 22,770 thousand with a new bond by subscribing to
the new convertible bond 2013/2014 by no later than 15 October 2013.
Convertible 2013/2014 shall be convertible to shares during the period 1 - 15
June, 2014. All other terms and conditions of Convertible 2013/2014 are
equivalent to the terms and conditions of Convertible 2012/2013.
Holders of approximately 98 per cent, or SEK 22,410 thousand, of Convertible
2012/2013 have notified the company that they have accepted the offer. Holders
of the remaining SEK 360 thousand of Convertible 2012/2013 have given notice
that they intend to convert their holdings into shares in Shelton Petroleum.
In relation to the conversion of SEK 360 thousand of Convertible 2012/21013,
22,500 new B shares will be issued, which corresponds to a dilution of
approximately 0.19 per cent.
For more information, please contact:
Robert Karlsson, CEO, Shelton Petroleum, +46 709 565 141
robert.karlsson@sheltonpetroleum.com
www.sheltonpetroleum.com
About Shelton Petroleum
Shelton Petroleum is a Swedish company focused on exploring and developing
concessions in Russia and the resource-rich basins of Ukraine. In Russia, the
company holds three licenses in the Volga-Urals area in Bashkiria and has
commenced production on the Rustamovskoye field after a successful exploration
program. In Ukraine, Shelton Petroleum’s wholly owned subsidiary has a joint
venture with Ukrnafta and Chornomornaftogaz, two leading Ukrainian oil and gas
companies. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under
the under the symbol SHEL B.
