Grupo Gilinski set to take 56.3% stake in GeoPark after Venezuela deal share issuance - GPRK News | RalliesGrupo Gilinski set to take 56.3% stake in GeoPark after Venezuela deal share issuance
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GPRK• GeoPark to issue shares to Grupo Gilinski
- GeoPark plans to issue 42,100,000 shares to Grupo Gilinski, shifting control to about 56.3% of outstanding common shares.
- An adjustment mechanism could add up to 5,400,000 more shares, lifting Grupo Gilinski’s stake to about 58.4%.
- Grupo Gilinski also plans a $100 million tender offer at $12.22 per share, offering liquidity to existing holders.
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