Tethys Oil AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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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
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’s 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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