Tethys Petroleum Press Release: Annual General Meeting Results
Rhea-AI Summary
Tethys Petroleum (TSXV: TPL) held its Annual General Meeting on November 12, 2024, where shareholders approved all proposed resolutions. The meeting included the receipt of financial statements and auditors report, election of directors, and appointment of auditors. Four directors were elected with overwhelming support of approximately 99.9% of votes: Adeola Ogunsemi, Mattias Sjoborg, Don Streu, and William Wells, each receiving over 43.6 million votes in favor.
AI-generated analysis. Not financial advice.
Positive
- High shareholder approval rates (99.9%) for all director nominees
- Successful completion of all AGM agenda items
Negative
- None.
News Market Reaction – TETHF
On the day this news was published, TETHF declined 40.65%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 12, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces the results of the Annual General Meeting held on November 12, 2024.
The following resolutions put to shareholders at the AGM were passed on a poll at the meeting:
1. Receipt of Financial Statements and Auditors Report;
2. Election of Directors
2.1 Adeola Ogunsemi – 43,662,821 votes For
2.2 Mattias Sjoborg – 43,663,021 votes For
2.3 Don Streu – 43,663,021 votes For
2.4 William Wells – 43,662,821 votes For
3. Appointment of Auditors
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.
Disclaimer
Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Tethys Petroleum
Casey McCandless
Chief Financial Officer
901-763-4001
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229718