Petrogrand’s Board Rejects Increased Offer From Shelton Petroleum
Shelton Petroleum AB announced an offer to acquire all outstanding shares in Petrogrand AB for a consideration of 0.30 Shelton B shares for each Petrogrand share. On 24 February 2014, the Board of Directors of Petrogrand commented Shelton’s offer and advised Petrogrand’s shareholders not to accept the offer. Since Petrogrand’s …
Shelton Petroleum: Ups Offer for Petrogrand and Increases Acceptance Time
On 22 January 2014 Shelton Petroleum AB announced an offer to acquire all outstanding shares in Petrogrand AB for a consideration of 0.30 Shelton B shares for each Petrogrand share. On 17 February 2014 Shelton published a prospectus which is also an offer document regarding the Offer (the “Prospectus”). The …
Petrogrand’s Board’s Recommends Rejecting Shelton Petroleum’s Public Offer
On 22 January 2014, Shelton Petroleum AB submitted a public offer to the shareholders of Petrogrand. The Board of Directors of Petrogrand has engaged ABG Sundal Collier Norway ASA “ABG Sundal Collier” for making an independent valuation of Shelton Petroleum AB and its assets. ABG Sundal Collier is considered the …
Petrogrand AB: INTERIM REPORT JANUARY- SEPTEMBER 2011
Third quarter of 2011 – During the 3rd quarter, the Group had no operating income (TSEK 14,022). The operating result for the 3rd quarter amounted to TSEK -6,965 (-3,861). – The change in real value of assets under discretionary management amounted to TSEK -11,909 (5,177) of which the main part …