GeoPark Announces Renewal of Share Repurchase Program and Special Stock Dividend - GeoPark
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GeoPark Announces Renewal of Share Repurchase Program and Special Stock Dividend

February 10, 2020

Bogota, Colombia – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced that its Board of Directors has approved the renewal of a program to repurchase up to 10% of its shares outstanding or approximately 5,930,000 shares and the declaration of a special stock dividend of 0.004 shares per share. Renewal of Share Repurch

Renewal of Share Repurchase Program 

  • GeoPark concluded its 2019 share repurchase program in December 31, 2019 with 4,464,237 shares acquired and a total amount spent of $73,069,507, including transaction costs.
  • GeoPark’s Board of Directors has approved the renewal of a program to repurchase up to 10% of its shares outstanding or approximately 5,930,000 shares. The repurchase program will begin on February 11, 2020 and will expire on December 31, 2020.
  • The share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions or otherwise, and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory considerations and other relevant factors.

→ Read the full press release.