GeoPark adds Dec. 1 tax test if Miranda closes early
If the Miranda Transaction closes before December 1, 2026, two dates' Venezuelan CIT rates will factor into the additional-share calculation.
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Rhea-AI Filing Summary
GeoPark Ltd (GPRK), GeoPark USA, LLC, and Panamerican Energy Holdings S.A. (PEH) amended their share purchase agreement on October 26, 2026. Under the prior agreement, at closing of the Miranda Transaction GeoPark would issue PEH 42,135,872 common shares, plus up to 5,421,589 additional shares if the Venezuelan CIT rate at closing fell within specified ranges, each below 50%. If closing occurs before December 1, 2026, the additional-share calculation will consider the CIT rates at both closing and December 1. Certain representations and warranties will also apply as of the additional-share issuance date if it differs from closing.
Reporting person Jaime Gilinski reported beneficial ownership of 18,115,791 shares, or 27.9%, including 17,915,791 shares owned by Colden Investments S.A. and 200,000 owned by Spaldy Investments Limited. The reported percentage was calculated using 64,896,377 common shares issued and outstanding as of June 30, 2026.
Key Figures
Key Terms
CIT Rate financial
Miranda Transaction financial
representations and warranties technical
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