Tethys Petroleum Limited

September 03, 2015 02:00 ET

Tethys Petroleum Limited: Issuance of Restricted Shares Total Voting Rights



September 3, 2015

Tethys Petroleum Limited: Issuance of Restricted Shares Total Voting Rights

GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Sept. 3, 2015) - 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 September 2, 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 August 31, 2015.

As detailed in the announcement released by the Company on January 23, 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 386,648 ordinary shares
in the Company, representing approximately 0.11% 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
336,839,315 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary
shares held in Treasury. This total voting rights figure (336,839,315) 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.



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