Apr 2024
GeoPark Limited, a Bermuda company listed on the New York Stock Exchange and a leading independent Latin American oil and gas explorer, operator and consolidator, issued a tender offer to repurchase up to US$50,000,000 of its common shares.
On expiry of the tender offer on 17 April 2024, the company repurchased 4,369,181 common shares at a price of US$10.00 per share, for a total cost of approx. US$43.7 million. The share repurchased represented 7.78% of the then issued and outstanding common shares of the company as of 19 April 2024.
Conyers advised the company, alongside Davis Polk Wardwell LLP, in connection with the tender offer and the dealer manager agreement with BTG Pactual US Capital, LLC.