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Tethys Oil AB's Chairman Vincent Hamilton Sells Shareholding in Company and Steps Down as Chairman; Staffan Knafve Appointed as New Chairman


Friday, 11 Oct 2013 02:45am EDT 

Tethys Oil AB announced that Mr. Vincent Hamilton, the Chairman of the Company's Board, has sold his entire holding of Tethys shares and will resign as Chairman and Director on October 14, 2013. Mr. Hamilton will leave Tethys in order to work to support and fund the medical research foundation Victory NET, which he recently founded. The shares, in total 2,236,955 shares corresponding to 6.3% of total shares in the Company, were primarily placed with international institutional investors, further broadening the Company‚Äôs shareholder base. In addition, members of the board and management acquired a total of 30,000 shares. The board of Tethys Oil has decided to appoint board member Mr. Staffan Knafve to succeed Mr. Vincent Hamilton as new Chairman of the board. 

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23 Dec 2014