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Gulf Keystone Petroleum announces update on timing of the Board's recommendation

Wednesday, July 10, 2013
  • The Company will update Shareholders following the meeting with M&G, and by no later than close of business on Monday 15 July 2013, which will still give sufficient time for all Shareholders to review the Board's recommendation and vote accordingly.

Gulf Keystone is pleased to announce that senior representatives of the M&G Recovery Fund ("M&G") have agreed to meet with members of the Company's Nominations Committee, on the afternoon of Friday 12 July 2013, to discuss the four candidates proposed by M&G as directors (the "Proposed Directors"). Simon Murray, the Company's Independent Non-Executive Chairman, will lead the meeting on behalf of Gulf Keystone.

In light of this welcome development, the board of Gulf Keystone (the "Board") has, in the best interests of the Company's shareholders ("Shareholders"), decided to delay publication of its RNS and circular, recommending to Shareholders what action to take with regard to the Proposed Directors, pending the outcome of the meeting with M&G.

The Company will update Shareholders following the meeting with M&G, and by no later than close of business on Monday 15 July 2013, which will still give sufficient time for all Shareholders to review the Board's recommendation and vote accordingly.

In the meantime, the Board continues to strongly urge all Shareholders not to vote, or fill in their Forms of Proxy, until they have reviewed the Board's recommendation on the Proposed Directors.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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