Gulf Keystone回應DNO倡議

The Board of Gulf Keystone has reviewed DNO ASA’s proposal to acquire the total share capital of the Company, which it received by letter late on 28 July 2016.

Gulf Keystone notes that DNO’s proposal is conditional upon the successful completion of the ongoing Balance Sheet Restructuring Transaction, announced by Gulf Keystone on 14 July 2016.

The 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.

In 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.