/KASE, April 17, 2023/ – Tethys Petroleum Limited (Cayman Islands), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), gas provided
KASE with the following press release dated February 7, 2023:
quote
The Company has purchased 1,032,220 shares at an average price of .86 CAD
per share through its Normal Course Issuer bid that is set to expire on February
7, 2023. The Company intends to make another Normal Course Issuer Bid that is
subject to Exchange approval. The Company may acquire up 5,805,361 common
shares (roughly 5% of the shares outstanding of the Company) during the period
on or about February 10, 2023 to February 10, 2024. The Company plans to use
ATB Capital Markets as its Member broker to conduct the purchases. Purchases
will be effected through the facilities of the Exchange. Purchase and payment
for the securities will be made by the Company in accordance with Exchange
requirements. The price which the Company will pay will be the market price at
the time of acquisition. The Company believes the shares are undervalued and
any repurchases will provide a positive return on investment and enhance
shareholder value. The securities being bought are to be cancelled and returned
to the treasury.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KY_TPL_/ky_tpl__relizs_070223.pdf – in
Russian;
-
https://kase.kz/files/emitters/KY_TPL_/ky_tpl__relizs_070223_en.pdf – in
English.
[2023-04-17]