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Lundin Petroleum reports changes in number of shares and votes.

M2 EQUITYBITES-June 2, 2014-Lundin Petroleum reports changes in number of shares and votes

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Lundin Petroleum AB (STO:LUPE.ST) (TSX:LUP.TO), a Swedish independent oil and gas exploration and production company, announced on Friday a reduction of the company's share capital by an amount of SEK68,402.50 through cancellation of 6,840,250 shares held in treasury.

This cancellation has resulted in changes in the number of shares and votes in the company during May 2014.

Prior to the reduction of the company's share capital through cancellation of shares held in treasury, there were in total 317,910,580 shares and votes in Lundin Petroleum of which 8,840,250 were held in treasury by Lundin Petroleum. As a result of the cancellation, the number of shares and votes decreased by 6,840,250.

Now, as a result, following the cancellation, there are, as of 30 May 2014, 311,070,330 shares and votes in the company, of which 2,000,000 are held in treasury by Lundin Petroleum.

According to the company, in accordance with the resolution of the Annual General Meeting, the reduction of share capital through cancellation of shares held in treasury was followed by an increase of the company's share capital with an amount of SEK 68,402.50 through a bonus issue in order to restore the company's share capital after the reduction. Thus, the cancellation of shares held in treasury has not affected the company's share capital that still amounts to SEK 3,179,105.80.

(EUR1=SEK9.10)

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Publication:M2 EquityBites (EQB)
Date:Jun 2, 2014
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