TIDMGBP

RNS Number : 5298S

Global Petroleum Ltd

06 November 2023

6 November 2023

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Global Petroleum Limited

("Global" or "the Company")

Shareholder Proposal

The Company has received a proposal by Mr Omar Ahmad, who is a 5.04% shareholder in the Company, to remove the CEO, Chairman and a Non-Executive Director of the Company and replace them with three new directors, with a view to taking the Company forward ("the Proposal").

The Global Board is having positive collaborative engagement with Mr Ahmad's representatives in relation to the Proposal and a further announcement will be made in due course.

For further information please visit: www.globalpetroleum.com.au or contact:

 
                                                    +44 (0) 20 3 875 
 Global Petroleum Limited                            9255 
 Peter Hill, Managing Director & CEO 
  Andrew Draffin, Company Secretary 
 
 Panmure Gordon (UK) Limited (Nominated Adviser     +44 (0) 20 7886 
  & Joint Broker)                                    2500 
 John Prior / Freddie Twist 
  Corporate Broking: Hugh Rich 
 
 CMC Markets (Joint Broker)                         +44 (0) 20 7170 
  Tom Curran/Thomas Smith                            8200 
 
 Tavistock (Financial PR & IR)                      +44 (0) 20 7920 
  Simon Hudson / Nick Elwes                          3150

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END

MSCUNUSRONUARAA

(END) Dow Jones Newswires

November 06, 2023 09:28 ET (14:28 GMT)

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