Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tomas who wrote (941)	3/12/1999 8:09:00 AM
From: Greywolf	Read Replies (1) of 2742

Lundin Oil AB to issue Warrants and Incentive Options The Board of Directors of Lundin Oil AB has decided to propose at an Extraordinary General Meeting of Shareholders that the meeting decide to issue warrants to shareholders of the company. The Board proposes that one warrant be issued 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. lundinoil.com

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