Dear fellow shareholders,
You will have recently received notices of meeting and proxy forms for Golden Gate Petroleum Limited’s (“Golden Gate” or the “Company”) two extraordinary general meetings which are being held on 19 December 2012.
For the reasons stated below and to protect shareholder value by maintaining a cohesive Board, the Golden Gate Board is seeking your support to Vote AGAINST each resolution at the first extraordinary general meeting (involving the appointment of Thomas Burt and Trevor Kelly as Directors), and I am seeking your support to vote FOR each resolution at the second extraordinary general meeting (involving the re-election of Chris Porter and Rob Oliver as Directors).
Background
Certain Golden Gate shareholders calling themselves the GGP Investor Group have actively used the Shareholder Blog, “Hotcopper”, and the GGP Investor Group website to raise issues about the Company’s operations. In connection with this, the Company received a notice under section 249D of the Corporations Act 2001 (Cth) on 26 October 2012 (the “249D Notice”) which requires that the Company convene an extraordinary general meeting to consider certain resolutions relating to the removal and appointment of Directors. Those resolutions will be considered at one of two extraordinary general meetings to be held in Sydney on 19 December 2012.
On behalf of the Company’s Directors, I wish to take this opportunity to provide shareholders with certain facts and to set the record straight about certain matters.
For further information please download PDF below:
