Business
Response to M&G Recovery Fund Statement
Response to M&G Recovery Fund Statement.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 7629I Gulf Keystone Petroleum Ltd. 08 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 \n8 July 2013\n \nResponse to M&G Recovery Fund Statement\n \nGulf Keystone Petroleum Ltd (\"Gulf Keystone\" or \"the Company\") (AIM: GKP) notes the press release distributed by the M&G Recovery Fund (\"M&G\") on 7 July 2013.\n \nGulf Keystone would like to respond to a number of statements made by M&G in their release:\n· As per the Company's announcement on 29 May 2013, Gulf Keystone Shareholders (\"Shareholders\") will have noted the Company's then publicly stated intention to comply with best corporate governance standards by splitting the role of Chairman and CEO in preparation for its move to the Main Market. \n· Further to that announcement, on 11 June 2013, the Company announced the appointment of Odgers Berndtson, one of the UK's pre-eminent search firms, to assist Independent Non-Executive Director Field Marshal the Lord Guthrie of Craigiebank, Chair of the Nominations Committee, in the search process for an Independent Non-Executive Chairman and at least one other Independent Non-Executive Director with appropriate experience of FTSE100/250 independent non-executive directorships.\n· Shareholders will note that Gulf Keystone has delivered on the first of these commitments with the appointment of Simon Murray, CBE and Legion d'honneur, a high calibre businessman and experienced main market FTSE100/250 public company director, as Independent Non-Executive Chairman on 4 July 2013.\n· A Non-Executive Director of Gulf Keystone met with M&G on 12 June 2013 to discuss corporate governance, seven days before M&G issued their resolution nominating four proposed candidates (\"the four candidates\") for election as Independent Non-Executive Directors. At no time during the meeting did M&G raise the intention of sponsoring their own nominees. Indeed, Lord Guthrie had arranged, on request by M&G, to meet with Jeremy Asher, one of their proposed nominees and a former director of Gul...