Shelton Petroleum AB: Petrogrand Offer to be Reviewed
The board of Shelton Petroleum AB (publ) (”Shelton”) notes that Petrogrand AB (publ) (“Petrogrand”) on 21 March 2014 at 16.05 announced a public offer to the holders of shares, convertible loans and warrants in Shelton to sell all their shares, convertible loans and warrants in Shelton to Petrogrand for a cash consideration of SEK 18.60 per share of series A and B, SEK 17.50 plus accrued interest per convertible loan of series 2013/2014 and SEK 3.00 per warrant.
The board of Shelton will conduct a thorough analysis of the public offer and thereafter publish its opinion on it. The board recommends all shareholders, holders of convertible loans and warrants not to make any final decision until all information has been made available.
