REG - Global Petroleum Ltd - Shareholder Proposal

Global PetroleumAnnouncement

06/11/2023 14:30

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RNS Number : 5298S  Global Petroleum Ltd  06 November 2023

6 November 2023

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

 

 

Global Petroleum Limited

("Global" or "the Company")

 

Shareholder Proposal

 

The Company has received a proposal by Mr Omar Ahmad, who is a 5.04%
shareholder in the Company, to remove the CEO, Chairman and a Non-Executive
Director of the Company and replace them with three new directors, with a view
to taking the Company forward ("the Proposal").

 

The Global Board is having positive collaborative engagement with Mr Ahmad's
representatives in relation to the Proposal and a further announcement will be
made in due course.

 

For further information please visit: www.globalpetroleum.com.au or contact:

 

 Global Petroleum Limited                        +44 (0) 20 3 875 9255
 Peter Hill, Managing Director & CEO

 Andrew Draffin, Company Secretary

 Panmure Gordon (UK) Limited (Nominated Adviser  +44 (0) 20 7886 2500

 & Joint Broker)
 John Prior / Freddie Twist

 Corporate Broking: Hugh Rich

 CMC Markets (Joint Broker)                      +44 (0) 20 7170 8200

 Tom Curran/Thomas Smith

 Tavistock (Financial PR & IR)                   +44 (0) 20 7920 3150

 Simon Hudson / Nick Elwes

 

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