Business
Board's Recommendation to Shareholders
Board's Recommendation to Shareholders.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 2897J Gulf Keystone Petroleum Ltd. 15 July 2013 \n \n\nNot for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.\n \n \n \n13 July 2013\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nGulf Keystone Board Unanimously Recommends Voting AGAINST ALL of the M&G Candidates\n \nGulf Keystone's Independent Non Executive Chairman, Simon Murray, C.B.E. and Legion d'honneur, and Field Marshal the Lord Guthrie of Craigiebank, Chair of the Nominations Committee, on Friday 12 July 2013, met with senior representatives of the M&G Recovery Fund (\"M&G\"), a 5.1 per cent. Shareholder in the Company, to discuss the Company's current process to enhance Gulf Keystone's Board (the \"Board\"), the proposed M&G Candidates, and the Board's views on those M&G Candidates.\n \nDespite being unable to have a substantive dialogue with M&G until the afternoon of Friday 12 July 2013, with regard to the M&G Candidates, the Nominations Committee nevertheless sought, during the course of the last week, to interview each of the M&G Candidates. The Nominations Committee interviewed Philip Dimmock, John Bell and Thomas Shull and has not, at this time, been able to conduct a full interview with Jeremy Asher.\n \nFollowing the meeting, the Board unanimously recommends Shareholders to vote against all of the proposed M&G Candidates, for the reasons set out in the Circular to Shareholders, a copy of which is set out below, is intended to be posted to Shareholders on 13 July 2013 and is available on the Company's website: www.gulfkeystone.com.\n \nAdditional information for Shareholders, since the release of the Company's Circular on 13 July 2013, responding to M&G's statement of 13 July (the \"13 July M&G Statement\")\n \nResponding to the 13 July M&G Statement, the Company believes that the Circular clearly states the Board's position with regard to the M&G Candidates and that the 13 July M&G Statement contains no new material information.\n \nAccordingly, the Board of GKP reiterates its recommendation that Shareholders VOTE AGAINST ...