Source - LSE Regulatory
RNS Number : 5298S
Global Petroleum Ltd
06 November 2023

6 November 2023


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.



Global Petroleum Limited

("Global" or "the Company")


Shareholder Proposal


The Company has received a proposal by Mr Omar Ahmad, who is a 5.04% shareholder in the Company, to remove the CEO, Chairman and a Non-Executive Director of the Company and replace them with three new directors, with a view to taking the Company forward ("the Proposal").


The Global Board is having positive collaborative engagement with Mr Ahmad's representatives in relation to the Proposal and a further announcement will be made in due course.


For further information please visit: or contact:


Global Petroleum Limited

+44 (0) 20 3 875 9255

Peter Hill, Managing Director & CEO

Andrew Draffin, Company Secretary

Panmure Gordon (UK) Limited (Nominated Adviser

& Joint Broker)

+44 (0) 20 7886 2500

John Prior / Freddie Twist

Corporate Broking: Hugh Rich


CMC Markets (Joint Broker)

Tom Curran/Thomas Smith

+44 (0) 20 7170 8200


Tavistock (Financial PR & IR) 

Simon Hudson / Nick Elwes

+44 (0) 20 7920 3150


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