SPM Spg Media

RNS No 9591a
SODRA PETROLEUM AB
30 March 1999

                        SODRA PETROLEUM AB

Sodra Petroleum AB announces that its parent company, Lundin Oil
AB ("Lundin") has today issued the following announcement:-

                                 
             "Lundin Oil EGM decides to issue Warrants
                                 
The Extraordinary General Meeting of Shareholders in Lundin Oil AB
on  30  March  1999  approved the Board's proposal  to  issue  one
warrant  free  of  charge for each ten shares held  and  that  the
warrants shall have a life of one year between 1 April 1999  until
and  including 31 March 2000. One warrant shall entitle the holder
to  subscribe  for  one newly issued share  of  series  B  of  the
Company.  Subscription can take place during  two  periods:  At  a
price of SEK 23 for each newly issued share between 1 October  and
15  October 1999 or at a price of SEK 28 between 10 January and 31
March 2000.

The  record  date for the right to receive warrants  is  12  April
1999, which means that the last day for trading in the Lundin  Oil
share including the right to receive warrants is 7 April 1999.

The  warrant  will be listed on the Stockholm Stock Exchange.  The
first day of trading is Monday, 19 April 1999."


For further information, please contact:

Ian H. Lundin
President - Sodra Petroleum AB          Tel: +46 8 440 54 50

Judith Parry/Simon Rothschild           Tel: 0171 256 5756
Millham Communications


Notes for editors:

1.   Lundin is the parent company of Sodra by virtue of its
     holding of 40,506,500 Ordinary Shares of SEK0.05 each.  The
     40,506,476 Convertible Shares of SEK0.05 each in Sodra listed
     on the AIM market are effectively convertible into the right
     to subscribe for B Shares in Lundin in November 2001.  Upon
     exercise of the conversion right, for every 12 Convertible
     Shares, the holder will receive a warrant to subscribe for 1
     new Lundin B Share at the nominal value of SEK0.50.

2.   Convertible Shares in Sodra are also listed on the New Market
     of the Stockholm Stock Exchange.  Lundin B Shares are
     currently quoted on the Stockholm Stock Exchange, Toronto
     Stock Exchange and the Nasdaq National Market.



END

MSCWBUBWWBGBGPU

Spg Media (LSE:SPM)
Historical Stock Chart
From May 2024 to Jun 2024

Spg Media (LSE:SPM)
Historical Stock Chart
From Jun 2023 to Jun 2024