As a consequence of an exercise of allocated employee stock options, the share
capital of PA Resources has increased from SEK 72,557,002 to SEK 72,657,002
during July 2008. This is an increase with SEK 100,000 corresponding to an
increase of 200,000 new shares. The total number of shares and voting rights in
the company amounts herewith to 145,314,004.
PA Resources' Employee Stock Option Program, which was approved by an
Extraordinary General Meeting in October 2005, is currently in its exercise
phase. In July, 200,000 share warrants have been exercised for subscription of
new shares in the company to an issue price of SEK 36.95 per share, which has
resulted in an increase of share capital with a total of SEK 100,000. The
increase of share capital with SEK 100,000 has been registered by Bolagsverket
(the Swedish Companies Registration Office) on July 11, 2008.
The Employee Stock Option Program consists of a total of 3,625,000 share
warrants remaining, which can be exercised for subscription of shares until
October 31, 2008. After this date, share warrants not exercised will fall due.
In addition, there are 500,000 outstanding share warrants that can be exercised
for subscription of shares during the period December 1 to December 31, 2010.
More information about the Employee Stock Option Program is available in PA
Resources' Annual Report 2007, note 8, page 75.
Stockholm, August 14, 2008
PA Resources AB (publ)
For more information, please contact:
Bo Askvik
CFO
PA Resources AB
Telephone: +46 708 19 59 18
E-mail: info@paresources.se
PA Resources AB (publ) is an international oil and gas group with the business
strategy to acquire, develop and exploit oil and gas reserves, as well as
explore new findings. The Group operates in Tunisia, Norway, Greenland, Great
Britain, Denmark, 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 AB's net sales amounted to approximately SEK 2,794 Million during
2007. The company is primary listed on the Oslo Stock Exchange in Norway
(segment OB Match) and secondary listed on the OMX Nordic Exchange in Stockholm,
Sweden (segment Large Cap). For additional information, please visit
www.paresources.se.
