Manchester Financial Group, LP Intends to Withhold Support for Four Directors of GeoPark Limited

Rhea-AI Summary

Manchester Financial Group, LP, a major shareholder of GeoPark Limited (NYSE: GPRK), has issued an open letter advocating for a withhold-the-vote campaign against four current directors.

Douglas F. Manchester, Chairman of the Board, expressed support for Gerald O’Shaughnessy’s initiative to enhance shareholder value by changing the board. The directors targeted for opposition are:

• Pedro Aylin
• Robert Bedingfield
• Constantin Papadimitriou
• James Park

Positive

• Major shareholder support for board change could lead to improved management and decision-making.
• Increased focus on enhancing shareholder value may attract more investor confidence.

Negative

• Withhold-the-vote campaign against current directors indicates dissatisfaction with existing leadership.
• Potential instability in board governance may create uncertainty for investors.

Manchester Financial Group, LP, which is a sizable shareholder of GeoPark Limited (NYSE: GPRK) (“GeoPark” or the “Company”), today issued the following open letter:

Fellow Shareholders,

As the holder of 2,060,755 shares of GeoPark, I fully support Gerald O’Shaughnessy’s withhold-the-vote campaign AGAINST four of the Company’s current directors at the upcoming annual meeting of shareholders. I intend to withhold support for the following directors:

• Pedro Aylin
• Robert Bedingfield
• Constantin Papadimitriou
• James Park

I firmly believe immediate change on the GeoPark Board of Directors is necessary to protect shareholder value.

Sincerely,

Douglas F. Manchester
Chairman of the Board
Manchester Financial Group, LP

View source version on businesswire.com: https://www.businesswire.com/news/home/20210702005226/en/

FAQ

What is the purpose of the open letter issued by Manchester Financial Group regarding GeoPark Limited (GPRK)?

The open letter supports a withhold-the-vote campaign against four directors to promote immediate change and protect shareholder value.

Who are the directors targeted in the withhold-the-vote campaign for GeoPark (GPRK)?

The targeted directors are Pedro Aylin, Robert Bedingfield, Constantin Papadimitriou, and James Park.

How many shares does Manchester Financial Group hold in GeoPark (GPRK)?

Manchester Financial Group holds 2,060,755 shares of GeoPark.

What change is being advocated for by Manchester Financial Group in GeoPark (GPRK)?

They are advocating for changes to the board of directors to improve shareholder value.