/KASE, May 24, 2019/ – Tethys Petroleum Limited (Cayman Islands), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided press
release to KASE dated May 21, 2019, which states as follows:
quote
Tethys Petroleum Limited (“Tethys” or the “Company”) today announced that on May
17, 2019 the Grand Court of the Cayman Islands ordered that the Company should
convene a meeting to be held at the Sheraton Hotel, Frankfurt Airport, 1 Hugo-
Eckener-Ring 15, 60549 Frankfurt, Germany on 28 June 2019 at 10:30am (local time)
of the holders of the Ordinary Shares of the Company (the “Meeting), for the
purpose of considering and, if thought fit approving (with or without modification)
a Scheme of Arrangement proposed to be made between the Company and the holders
of its Ordinary Shares (the “Scheme”).
Pursuant to the Scheme, as described in the Meeting materials in detail, holders
of Ordinary Shares will be entitled to elect to receive US$0.60 cash per share
for up to 70% of their Ordinary Shares and to exchange up to 30% of their Ordinary
Shares for a new class of Preferred Shares which shall be redeemed after three
years for US$1.80 or to retain up to 100% of their Ordinary Shares.
unquote
Full version of the press release is posted on the KASE website (in Russian) –
-
http://kase.kz/files/emitters/KY_TPL_/ky_tpl__special_shareholders_meeting_info_280619_21052019.pdf
in Russian;
-
http://kase.kz/files/emitters/KY_TPL_/ky_tpl__21%2005%202019_eng.pdf – in
English.
[2019-05-24]