Deutsche Oel & Gas I S.A.

  • WKN: DGAS52
  • ISIN: DE000A18X5C7
  • Land: Großherzogtum Luxemburg

Nachricht vom 27.11.2017 | 15:41

Deutsche Oel & Gas S.A.: Conversion of share classes and completed issue of bonus shares

DGAP-News: Deutsche Oel & Gas S.A. / Key word(s): Miscellaneous

27.11.2017 / 15:41
The issuer is solely responsible for the content of this announcement.


DEUTSCHE OEL & GAS S.A.: CONVERSION OF SHARE CLASSES AND COMPLETED ISSUE OF BONUS SHARES

  • CLASS B, C AND E SHARES HAVE BEEN CONVERTED TO CLASS A SHARES
  • ISSUE OF OVER 2.4 MILLION BONUS SHARES


Luxembourg, 27 November 2017: Following the decision taken at its extraordinary General Meeting held on 29 June 2017, it has been established via a notarial declaration that Deutsche Oel & Gas S.A. shall convert all 219,564,308 Class B shares, 10,000,000 Class C shares and 24,000,000 Class E shares into a total of 253,564,308 Class A shares. This measure is part of the preparations for the planned listing in Riga.

In addition, pursuant to Article 6 of the Company's articles of association, it has been determined via a notarial declaration that Class A bonus shares shall be issued to all shareholders of former Class B and Class C shares. The principal shareholder of the Company and the Company itself are excluded from this distribution. The bonus shares shall be issued by means of a notarised capital increase of the company through the capitalisation of carried forward profits. In total, 2,435,652 Class A bonus shares are being issued to former Class B and Class C shareholders. The subscribed capital of the company is now EUR 502,435,652, split into 377,435,652 Class A shares and 125,000,000 Class D shares.

About Deutsche Oel & Gas S.A.:
Deutsche Oel & Gas S.A. is domiciled in Luxembourg (www.deutsche-oel-gas.com) and is the holding company of the Deutsche Oel & Gas Group, which specialises in the exploration for and the production of natural gas and crude oil in the Cook Inlet Basin in Alaska. The Deutsche Oel & Gas Group holds the majority of the oil and gas leases in the Kitchen Lights Unit, which covers an area of 337 square kilometers in the Cook Inlet Basin.

Contact:
Thomas Knipp / Marco Quacken
Members of the board
Deutsche Oel & Gas S.A.
Email: press@deutsche-oel-gas.com
Tel.: +352 2786 2290



27.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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