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: www.globalpetroleum.com.au or contact:
| Global Petroleum Limited | +44 (0) 20 3 875 9255 |
| Peter Hill, Managing Director & CEO Andrew Draffin, Company Secretary | |
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| Panmure Gordon (UK) Limited (Nominated Adviser & Joint Broker) | +44 (0) 20 7886 2500 |
| John Prior / Freddie Twist Corporate Broking: Hugh Rich | |
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| CMC Markets (Joint Broker) Tom Curran/Thomas Smith | +44 (0) 20 7170 8200 |
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| Tavistock (Financial PR & IR) Simon Hudson / Nick Elwes | +44 (0) 20 7920 3150 |
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