The shareholders of
The income statements and the balance sheets for the company and the group were approved and the Board of Directors and the Managing Director were discharged from liability for the financial year 2019.
The Meeting resolved on a dividend for the financial year 2019 of
The Meeting also resolved on an extraordinary distribution of
The Meeting approved remuneration of the members of the Board of Directors and the Chairman of the Board of Directors, including Board Committee membership, to be as follows: (i) annual fees of the members of the Board of Directors of
The registered accounting firm
The Meeting approved the Board of Directors' proposal regarding guidelines for compensation of senior executives.
The Meeting approved the Nomination Committee's proposal in respect of adoption of an instruction for the Nomination Committee.
The Meeting resolved in accordance with the proposal of the Board of Directors to issue warrants and approved the transfer of warrants. Under the resolution, the company may issue a maximum of 350,000 warrants. Each warrant entitles to subscription for one new share in the company during the period from and including
The Meeting resolved to authorise the Board of Directors to, up until the Annual General Meeting 2021, resolve on purchases of own shares. The Meeting also resolved to authorise the Board of Directors to resolve on transfer of own shares.
The Meeting resolved to authorise the Board of Directors to resolve, at one or several occasions until the Annual General Meeting 2021, decide upon issues of shares or convertibles in the company against payment in cash, in kind or through set-off and with the right to deviate from the shareholders' preferential rights. The purpose of the authorisation and the reason for the deviation from the shareholders' preferential rights is to facilitate the raising of capital for acquisitions and the company's operations. The total number of shares and/or convertibles that may be issued/converted to shares may not exceed 10.0 per cent of the total number of shares in the company at the time of the issue resolution. To the extent issues of shares are made with deviation from the shareholders' preferential rights, such issues shall be made on market conditions.
The Meeting resolved in accordance with the proposal of the Board of Directors to amend the Articles of Association to reduce the minimum and maximum number of shares and make certain other formal changes.
The Meeting resolved in accordance with the proposal of the Board of Directors to effect a reduction of the share capital with redemption of shares held by the company and an increase of the share capital by way of a bonus issue equalling the amount of the reduced share capital. The record date for the redemption of the shares held by the company is to be decided by the Board of Directors.
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Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. The company's core area is the Sultanate of
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