/KASE, July 25, 2019/ – Tethys Petroleum Limited (Cayman Islands), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated July 23, 2019:
quote
Tethys Petroleum Limited ("Tethys" or the "Company") today provides an
update regarding the previously announced Scheme of Arrangement proposed
to be made between Jaka Partners FZC ("Jaka"), the Company and the holders
of its Ordinary Shares (the "Scheme").
The Scheme was approved by shareholders at the Company’s Annual General
and Special Meeting held on June 28, 2019 and on July 16, 2019 the Grand
Court of the Cayman Islands made an order approving the Scheme (the "Final
Order").
On receipt of approval from the Ministry of Energy of the Republic of Kazakhstan
("MoE") and provision of funding by Jaka for the cash consideration due, Tethys
will file the Final Order with the Cayman Islands Register of Companies and the
effective date for the Scheme ("Effective Date") will occur seven days later
when consideration will be paid to those shareholders who have elected to
receive cash consideration for their ordinary shares or to exchange their
ordinary shares for preference shares.
The Company is working with Jaka to complete the above steps as soon as
possible and currently anticipates an Effective Date in August 2019.
unquote
The full press release is available on KASE website:
-
http://kase.kz/files/emitters/KY_TPL_/ky_tpl__reliz_230719_1.pdf – in Russian;
-
http://kase.kz/files/emitters/KY_TPL_/ky_tpl__reliz_240719_eng_1.pdf – in
English.
[2019-07-25]