Geopark Limited Share Purchase Program (5851R)
29 Oktober 2013 - 8:00AM
UK Regulatory
TIDMGPK
RNS Number : 5851R
Geopark Limited
29 October 2013
29 October 2013
GeoPark Limited ("GeoPark" or the "Company")
Share Purchase Programme
The Company announces that it has put in place with immediate
effect an irrevocable, non-discretionary share purchase programme
to purchase up to 400,000 common shares of US$0.001 ("Shares") of
the Company (the "Purchase Programme") for the account of the
GeoPark Employee Benefit Trust ("EBT").
The Purchase Programme will last from today up until the close
of business on 31 December 2013 and will be managed by BTG Pactual
and Oriel Securities Limited, which will make trading decisions in
relation to the Shares independently of, and uninfluenced by, the
Company or the Company's Directors.
The Company will procure that the Shares are purchased by BTG
Pactual acting through Oriel Securities Limited on-market on London
Stock Exchange plc within certain pre-set parameters and that the
Shares will be used to satisfy future awards under the Company's
incentive schemes. Given the level of low liquidity in the
Company's shares, the Company may procure the purchase in any one
day more than 25 per cent. of the average daily volume over the
preceding 20 business days.
Any purchase of Shares made for the account of the EBT following
commencement of the Purchase Programme will be notified to a
Regulatory Information Service.
GeoPark's Directors and their connected persons will not
participate in the Purchase Programme.
GeoPark confirms that it currently has no unpublished price
sensitive information.
For further information please contact:
GeoPark Limited
Juan Pablo Spoerer (Chile)
Pablo Ducci (Chile) +56 2 2242 9600
Oriel Securities - Nominated Adviser and
Joint Broker
Michael Shaw (London) +44 (0)20 7710 7600
Tunga Chigovanyika (London)
Macquarie Capital (Europe) Limited - Joint
Broker
Steve Baldwin (London) +44 (0)20 3037 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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