Court clears way for GeoPark Colombia acquisition

Press release from Amerisur Resources

The boards of Amerisur and GeoPark are pleased to announce that the court has today sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the 'Scheme') by which the recommended cash acquisition pursuant to which GeoPark Colombia, a wholly owned subsidiary of GeoPark, will acquire the entire issued and to be issued ordinary share capital of Amerisur (the 'Transaction') is being implemented. 

The scheme will become effective on the effective date, which is stated in the Court Order as 16 January 2020 and is when the Court Order is expected to be delivered to the Registrar of Companies. A further announcement will be made when the Scheme becomes Effective.

The Scheme Record Time for the Scheme will be 6.00 p.m. on 15 January 2020 and all Scheme Shares in issue at that time will be subject to the Scheme.

Next steps

It is expected that dealings in Amerisur Shares on AIM will be suspended with effect from 7.30 a.m. on 16 January 2020 and, subject to the Scheme becoming effective later that day, the admission to trading of Amerisur Shares on AIM will be cancelled with effect from 7.00 a.m. on 17 January 2020. It is also expected that the consideration payable to Scheme Shareholders will be paid by GeoPark Colombia within 14 days of the Scheme becoming Effective.

General

Defined terms used but not defined in this announcement have the meaning given to them in the scheme document published in relation to the Transaction, a copy of which is available on Amerisur's website at https://www.amerisurresources.com/investor-centre.

All references in this announcement to times are to times in London (unless otherwise stated).