Parex Resources Inc., holding approximately an 11.8% stake in GeoPark Limited, has nominated six independent director candidates for election to GeoPark’s Board. This action follows Parex’s efforts to explore value-maximizing transactions for GeoPark, including a prior acquisition proposal. The nominees are experienced executives and directors aimed at ensuring an independent evaluation of shareholder value maximization options.
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Parex Resources Announces Nomination of Six Directors to GeoPark’s Board
Parex Resources Inc., holding approximately an 11.8% stake in GeoPark Limited, has nominated six independent director candidates for election to GeoPark’s Board. This action follows Parex’s efforts to explore value-maximizing transactions for GeoPark, including a prior acquisition proposal. The nominees are experienced executives and directors aimed at ensuring an independent evaluation of shareholder value maximization options.