GeoPark Announces Share Repurchase Program - GeoPark
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GeoPark Limited (“GeoPark”) (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil, Argentina and Peru, announces that its Board of Directors has approved a program to repurchase up to US$10 million of common shares, par value US$0.001 per share (the “Shares”) of the Company (the “Repurchase Program”).

The Repurchase Program will begin on December 19, 2014 and will expire at the close of business on March 27, 2015, but may be terminated prior to such date.

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, and other relevant factors. GeoPark has engaged BTG Pactual US Capital LLC to act as its broker in connection with the Repurchase Program. The Shares repurchased will be used to offset, in part, any expected dilution effects resulting from the Company’s employee incentive schemes, including grants under the Company’s Stock Award Plan and the Limited Non-Executive Director Plan.

Read the full press release.