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AFRICA OIL ANNOUNCES THE RECEIPT OF PRIME DIVIDEND AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE
AFRICA OIL ANNOUNCES THE RECEIPT OF PRIME DIVIDEND AND PROVIDES SHARE CAPITAL AND VOTING ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n \n \n \n AFRICA OIL ANNOUNCES THE RECEIPT OF PRIME DIVIDEND AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 30, 2022\n \n \n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (\"AOI\", \"Africa Oil\" or \"the Company\") is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA (\"Prime\"). The Company has a 50% shareholding in Prime.\n \n View PDF Version\n \n \n \n Prime has distributed a\n \n $75.0 million\n \n dividend with a net payment to Africa Oil of\n \n $37.5 million\n \n related to its shareholding. This is the third Prime dividend distributed this year with Africa Oil having received an aggregate amount of\n \n $162.5 million\n \n .\n \n \n Since acquiring its 50% interest in Prime for a cash consideration of\n \n $519.5 million\n \n in\n \n January 2020\n \n , Africa Oil has received 13 dividends from Prime for a total amount of\n \n $562.5 million\n \n .\n \n \n Also, the Company reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.\n \n \n As a result of the exercise of stock options under the Company's Stock Option Plan and return to treasury, the Company now has 477,280,774 common shares issued and outstanding with voting rights as at\n \n June 30, 2022\n \n .\n \n \n \n Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater\n \n Nigeria\n \n ; development assets in\n \n Kenya\n \n ; and an exploration/appraisal portfolio in\n \n Africa\n \n and\n \n Guyana\n \n . The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol \"AOI\".\n \n \n \n This information is information that Africa Oil Corp. is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out be...