Shelton Petroleum Closes Public Offer to Shareholders of Petrogrand. Shelton Petroleum Holds Approximately 28.8% of Petrogrand
Shelton Petroleum AB (publ) (“Shelton”) announced on January 22, 2014 an offer to the shareholders of Petrogrand AB (publ) (“Petrogrand”) to acquire all outstanding shares in Petrogrand (the “Offer”). On February 26, 2014, Shelton announced an increase of the consideration offered from 0.30 to 0.34 Shelton B shares for each …
Shelton Petroleum AB: Shelton Petroleum Comments on the Notice to EGM
Shelton Petroleum yesterday gave notice to an extraordinary general meeting to be held 2 May 2014. Shelton Petroleum has received three requests from Petrogrand to give notice to an EGM. These requests are partly not valid and have partly been withdrawn by Petrogrand. Shelton Petroleum issues this press release in …
Petrogrand: Continues to Rebuff Shelton Offer as Under Valued
The acceptance period of Shelton Petroleum’s AB offer to Petrogrand AB’s shareholders expired on 28 March 2014. Only 3.4 percent of the shareholders in Petrogrand chose to accept the Offer after the acceptance period was extended and the Offer was raised from 0.34 to 0.44 Shelton Petroleum B-shares for each …
Shelton Petroleum: Gets Swedish Securities Council To Rap Petrogrand’s Knuckles Over Offer
As previously announced, the Board of Directors of Shelton Petroleum will conduct a thorough analysis of Petrogrand’s public offer. In relation to this, the Board has requested that the Swedish Securities Council (Aktiemarknadsnämnden) reviews and comments on several aspects of the public offer. The Securities Council has in a statement …
Petrogrand: Withdraws Shelton Board Member Request and Waits for Annual Report
Petrogrand AB announced on 21 March 2014 at 16:05 CET a public cash offer to the owners of shares, convertible bonds and warrants in Shelton Petroleum AB. In the light of the recommendation by the Securities Council, as well as new information regarding the number of shares in Shelton Petroleum, …
Shelton Petroleum: Changes Voting and Share Total
In March 2014 the number of B shares in Shelton Petroleum AB changed. A total number of 4,422,841 B shares were issued to those shareholders of Petrogrand AB that accepted Shelton Petroleum’s public offer. Following the issue of shares, the total number of B shares amounts to 16,415,349. The total …
Shelton Petroleum: Rejects Petrogrand EGM Call and Requests Petrogrand EGM by April the 2nd
Shelton Petroleum provides an update on the extraordinary general meeting in Shelton Petroleum and Petrogrand and the operations in Ukraine Extraordinary general meeting in Petrogrand Shelton Petroleum (Shelton) holds approximately 25 per cent of the shares in Petrogrand. Shelton has in a letter, which was delivered to the board of …
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 …
Petrogrand Moves on Shelton Petroleum Shares
PetrograndAB hereby announces a public cash offer to acquire all shares of series-A (”A-share”) at a price of SEK 18.6 in cash per share, all shares of series-B (”B-share”) at a price of SEK 18.6 in cash per share (jointly referred to as the ”Shares”), all convertible bonds of series …
Petrogrand AB: Calls for Shelton EGM – The Worm Turns
The Board of Petrogrand AB, as a shareholder with approximately 11,0 percent of the voting rights and approximately 12.3 percent of the capital in Shelton Petroleum AB, has decided to call for an Extraordinary General Meeting in Shelton. Petrogrand’s purpose with the request of Extraordinary General Meeting is for the …