As shareholders are aware, the Company has called an extraordinary general meeting to be held on Wednesday, 19 December 2012 (the EGM), in response to a requisition from a small group of the Company's shareholders. In addition, a second extraordinary general meeting is being held following the EGM to provide shareholders with the opportunity to re-elect GGP’s two recently appointed independent non-executive directors.
Following enquiries by some shareholders, set out below are some responses to frequently asked questions of shareholders in connection with the EGM and the second extraordinary general meeting.
What is the EGM about?
The EGM has been requisitioned by a group of shareholders holding just over 5% of the Company’s issued capital to consider, in broad terms, the composition of the Board. No other business will be considered at the EGM.
Why has the Company appointed two new Directors?
As announced to ASX on 20 November 2012, the Company undertook an extensive review of the Board's composition and the skills required to advance the Company's projects. The commencement of that review pre-dated the requisitioning of the EGM, and has resulted in the appointment of two highly credentialed oil & gas industry experts, Mr Chris Porter and Mr Rob Oliver.
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