Tethys Petroleum Limited
LSE : TPL

July 16, 2015 13:04 ET

Tethys Petroleum Limited - Issuance of Restricted Shares Total Voting Rights

July 16, 2015

                                       Tethys Petroleum Limited
                                                   
                                     Issuance of Restricted Shares
                                          Total Voting Rights

GRAND  CAYMAN,  CAYMAN  ISLANDS  -  Tethys Petroleum Limited ("Tethys"  or  the  "Company")  (TSX:TPL)
(LSE:TPL)  announces  in  accordance with the provisions of the UK Listing Rules  and  Disclosure  and
Transparency Rule 3.1.2R ("DTR 3") that on 15 July 2015 it issued 63,465 restricted ordinary shares to
its  Executive  Chairman, John Bell as part of his salary for services rendered to the Company  during
the one and a half month period up to and including 15 July 2015.

As  detailed  in  the  announcement released by the Company on 23 January 2015, the  total  number  of
restricted shares to be issued to John Bell was calculated by reference to a price of 16.84p  and  the
place  of  issuance was Guernsey. As a reminder to shareholders, during the first year of John  Bell's
service,  30%  of  his  salary  is being paid in restricted ordinary  shares  in  the  Company.  These
restricted  ordinary shares rank pari passu to other ordinary shares in Tethys and do not represent  a
separate  class of shares of Tethys. Following the issuance of these restricted ordinary  shares  John
Bell  holds  an  interest  in  a  total  of  323,183 ordinary  shares  in  the  Company,  representing
approximately 0.10% of the Company's issued ordinary share capital.

Application is being made for such restricted ordinary shares to be admitted to the Official  List  of
the UK Financial Conduct Authority and to trading on the London Stock Exchange.

Total Voting Rights

Following  the issuance of these restricted shares, the issued share capital of the Company  consisted
of 336,775,850 ordinary shares with voting rights attached (one vote per ordinary share). There are no
ordinary  shares  held  in  Treasury. This total voting rights figure (336,775,850)  may  be  used  by
shareholders and others with notification obligations as the denominator for the calculations by which
they  will  determine whether they are required to notify their interests in, or  a  change  to  their
interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Clive Oliver
Corporate Secretary, Vice President Finance
+44 1481 716899

Billy Clegg / Georgia Mann, Camarco
+44(0) 20 3757 4980

Contact Information

  • Tethys Petroleum Limited