firmenpresse print | Exercise of convertible bonds in PA Resources AB
28.09.2009
Exercise of convertible bonds in PA Resources AB
On 25 September 2009, an additional 1,921,362 new shares in PA
Resources AB (publ) were registered with the Swedish Companies
Registration Office as a result of completed conversions of PA
Resources' convertible 2008/2014.
1,921,362 new shares in PA Resources AB (publ) have been registered
with the Swedish Companies Registration Office as a consequence of
convertible bonds with a nominal value of SEK 30,741,792 being
exercised for conversion. The conversion price is 16 SEK per share.
Following the conversions, PA Resource's share capital is SEK
81,377,381.50 divided on 162,754,763 shares. The total loan amount of
outstanding convertible bonds amounts to SEK 1,064,259,888 after the
conversion.
The registered share capital increase relates to applications for
conversion filed during the third week of September 2009. The
conversion period runs throughout the month of September. So far, a
total of 6,240,759 new shares have been registered as a consequence
of conversions. For more information, see press releases from 11 and
21 September 2009.
The new shares are automatically listed on Oslo Stock Exchange and
NASDAQ OMX Nordic Exchange Stockholm, when the new shares are
registered with the Companies Registration Office. After the
registration, the new shares will be transferred to the holder's VP
account or deposit, which is expected to take up to approximately six
business days. Trading may commence when the holder can see that the
new shares are available on his/her VP account or deposit.
Stockholm, 28 September 2009
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik
Executive Vice President and CFO, PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 70 819 59 18
or
Ann-Kristin Littorin
Head of Corporate Communication, PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 73 923 03 68
PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial
Guinea and the Republic of Congo (Brazzaville). PA Resources is today
one of the largest oil producers in Tunisia. The parent company is
located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,420 Million during 2008.
The company is primary listed on the Oslo Stock Exchange in Norway
(segment OB Match) and secondary listed on the NASDAQ OMX Nordic
Exchange in Stockholm, Sweden (segment Mid Cap). For additional
information, please visit www.paresources.se.
http://hugin.info/130006/R/1343982/322121.pdf
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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