Gulf Keystone Petroleum announces update on timing of the Board's recommendation
- 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.
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
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
Upcoming OilVoice Training Course
The Digital Oilfield: Getting Into Action
The digital oilfield is now a mature subject, with some operators having several years of experience behind them. Digital oilfield and data analytics feature widely at industry conferences and there is a wealth of published papers. In the early days there was a lot of hype and wild claims about incr...
All OilVoice Training Courses