Business
Response to Proposal from DNO ASA
Response to Proposal from DNO ASA.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 7439F Gulf Keystone Petroleum Ltd. 29 July 2016 \n\nNot for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.\n \n \n \n \n29 July 2016\nGulf Keystone Petroleum Limited. (LSE: GKP)\n(\"Gulf Keystone\", \"GKP\" or \"the Company\")\n \n \nResponse to Proposal from DNO ASA\n \nThe Board of Gulf Keystone has reviewed DNO ASA's (\"DNO\") proposal to acquire the total share capital of the Company, which it received by letter late on 28 July 2016. \n \nGulf Keystone notes that DNO's proposal is conditional upon the successful completion of the ongoing Balance Sheet Restructuring Transaction (\"the Restructuring\"), announced by Gulf Keystone on 14 July 2016. \n \nThe Board has concluded that completion of the Restructuring best serves our stakeholders and we will not engage in any additional process that causes the Company to be distracted from that objective. The Company has responded to DNO accordingly. \n \nIn light of the importance of the proposed Restructuring for all stakeholders, the Board continues to strongly recommend that shareholders vote in favour of the resolution to authorise the increase in the Company's share capital, to be proposed at the Special General Meeting (\"SGM\"), in order to implement the Restructuring. \n \nShareholders should vote in advance of the SGM to be held on 5 August 2016. Detailed information on the Resolution and voting deadlines can be found in the SGM Notice and Circular at: \n \nhttp://www.gulfkeystone.com/investor-centre/shareholder-information/shareholder-communications/special-general-meeting-notice-and-circular \n \n \n \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 140...