UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF
THE SECURITIES EXCHANGE ACT OF 1934
GeoPark Limited
(Exact name of Registrant as Specified in Its
Charter)
| Bermuda |
Not Applicable |
(State or Other Jurisdiction
of Incorporation) |
(IRS Employer
Identification No.) |
| Calle 94 N° 11-30, 8o floor |
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| Bogotá, Colombia |
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| (Address of Principal Executive Offices) |
(Zip Code) |
Securities to be registered pursuant to Section
12(b) of the Act:
| Title of each class to be so registered |
|
Name of each exchange on which each class is to be registered |
| Series A Preferred Share Purchase Rights |
|
NYSE |
If this form relates to the registration of a class of securities pursuant
to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c), please check the following box. ☒
If this form relates to the registration of a class of securities pursuant
to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A.(d), please check the following box. ☐
Securities Act registration statement file number
to which this form relates: (If applicable)
Securities to be registered pursuant to Section
12(g) of the Act:
None
ITEM 1. Description of Registrant’s Securities to be Registered.
On June 3, 2025, the Board of Directors of GeoPark
Limited (the “Company”) made a grant of one preferred share purchase right (a “Right”) for each issued and outstanding
common share, par value $0.001 per share (the “Common Shares”), of the Company issued and outstanding at the close of business
on June 13, 2025 (the “Record Date”). The description and terms of the Rights are set forth in a Rights Agreement
(the “Rights Agreement”) between the Company and Computershare Trust Company, N.A., as Rights Agent (the “Rights Agent”).
The Board of Directors has adopted the Rights
Agreement to protect shareholders from coercive or otherwise unfair takeover tactics. In general terms, it works by imposing
a significant penalty upon any person or group that acquires without the approval of the Board of Directors 12% or more of the issued
and outstanding Common Shares (including certain synthetic equity positions created by derivative securities, which are treated as beneficial
ownership of the number of Common Shares equivalent to the economic exposure created by the synthetic equity position, subject to certain
specified conditions). The Rights Agreement should not interfere with any merger, amalgamation or other business combination
approved by the Board of Directors.
The Rights
The Board of Directors made a grant of a Right
with respect to each issued and outstanding Common Share on the Record Date. The Rights will initially trade with, and will
be inseparable from, the Common Shares, and the registered holders of Common Shares will be deemed to be the registered holders of the
Rights. Issuances of new Common Shares after the Record Date but before the Distribution Date, as defined under the subheading
“Exercisability” below, will be accompanied by new Rights.
Prior to the Distribution Date, the Rights will
be evidenced by the certificates for (or by the book entry account that evidences record ownership of) the Common Shares. After
the Distribution Date, the Rights Agent will mail separate certificates (“Rights Certificates”) evidencing the Rights
to each record holder of Common Shares as of the close of business on the Distribution Date, and thereafter the Rights will be transferable
separately from the Common Shares.
Exercisability
The Rights will not be exercisable until after
the Distribution Date. After the Distribution Date, each Right will be exercisable to purchase, for USD $36.00 (the “Purchase
Price”), one one-hundredth of a Series A Preferred Share, par value USD $0.001 per share (the “Preferred Shares”). This
portion of a Series A Preferred Share will give the shareholder approximately the same dividend, voting or liquidation rights as would
one Common Share. Prior to exercise, Rights holders in their capacity as such have no rights as a shareholder of the Company,
including the right to vote and to receive dividends.
The “Distribution Date” generally
means the earlier of:
| · | the close of business on the 10th business day after the date of the first public announcement that a person or any of its affiliates
and associates has become an “Acquiring Person,” as defined below, and |
| · | the close of business on the 10th business day (or such later day as may be designated by the Board of Directors before any person
has become an Acquiring Person) after the date of the commencement of a tender or exchange offer by any person which would, if consummated,
result in such person becoming an Acquiring Person. |
An “Acquiring Person” generally means
any person who or which, together with all affiliates and associates of such person obtains beneficial ownership of 12% or more of the
issued and outstanding Common Shares (including certain synthetic equity positions created by derivative securities, which are treated
as beneficial ownership of the number of Common Shares equivalent to the economic exposure created by the synthetic equity position, subject
to certain specified conditions).
Beneficial Ownership
Certain synthetic interests in securities created
by derivative positions – whether or not such interests are considered to be ownership of underlying shares of Common Shares or
are reportable for purposes of Regulation 13D of the Securities Exchange Act of 1934, as amended – are treated as beneficial ownership
of the number of Common Shares equivalent to the economic exposure created by the derivative positions, to the extent actual Common Shares
are directly or indirectly held by counterparties to the derivatives contracts. Swap dealers unassociated with any control
intent or intent to evade the purposes of the Rights Agreement are excepted from such imputed beneficial ownership. In addition,
shares held by Affiliates and Associates of an Acquiring Person, and Notional Common Shares held by counterparties to a derivatives contract
with an Acquiring Person, will be deemed to be beneficially owned by the Acquiring Person (in each case as such capitalized terms are
defined in the Rights Agreement).
Preferred Shares
The value of one one-hundredth interest in a Preferred
Share should approximate the value of one Common Share, subject to adjustment. Each one one-hundredth of a Preferred Share,
if issued:
| · | will entitle holders to quarterly dividend payments of $0.01 per share, or an amount equal to the dividend paid on one Common Share,
whichever is greater, |
| · | will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one Common Share,
whichever is greater, |
| · | will have the same voting power as one Common Share, |
| · | if Common Shares are exchanged via merger, amalgamation, consolidation, or a similar transaction, will entitle holders to a per share
payment equal to the payment made on one Common Share. |
Consequences of a Person or Group Becoming an Acquiring
Person
Flip in. Subject to the Company’s
exchange rights, described below, at any time after any person has become an Acquiring Person, each holder of a Right (other than an Acquiring
Person, its affiliates and associates) will be entitled to purchase for each Right held, at the Purchase Price, a number of Common Shares
having a market value of twice the Purchase Price.
Exchange. At
any time on or after any person has become an Acquiring Person (but before any person becomes the beneficial owner of 50% or more of
the issued and outstanding Common Shares or the occurrence of any of the events described in the next paragraph), the Board of Directors
may exchange all or part of the Rights (other than Rights beneficially owned by an Acquiring Person, its affiliates and associates) for
Common Shares at an exchange ratio of one Common Share per Right.
Flip over. If,
after any person has become an Acquiring Person, (1) the Company is involved in a merger, amalgamation or other business combination
in which the Company is not the surviving corporation or its Common Shares are exchanged for other securities or assets or (2) the Company
and/or one or more of its subsidiaries sell or otherwise transfer assets or earning power aggregating more than 50% of the assets or
earning power of the Company and its subsidiaries, taken as a whole, then each Right (other than Rights beneficially owned by an Acquiring
Person, its affiliates and associates) will entitle the holder to purchase for each Right held, for the Purchase Price, a number of common
shares of the other party to such business combination or sale (or in certain circumstances, an affiliate) having a market value of twice
the Purchase Price.
Expiration
The Rights will
expire on the first anniversary of June 3, 2025 unless earlier exercised, exchanged, amended or redeemed.
Redemption
The Board of Directors
may redeem all of the Rights at a price of $0.01 per Right at any time before any person has become an Acquiring Person. If
the Board of Directors redeems any Rights, it must redeem all of the Rights. Once the Rights are redeemed, the only right
of the holders of Rights will be to receive the redemption price per Right. The redemption price will be subject to adjustment.
Amendment
At any time before
any person has become an Acquiring Person, the Rights Agreement may be amended in any respect. After such time, the Rights
Agreement may be amended (i) to cure any ambiguity, (ii) to correct any defective or inconsistent provision or (iii) in any respect that
does not adversely affect Rights holders (other than any Acquiring Person, its affiliates and associates).
Antidilution
The
Rights Agreement includes antidilution provisions designed to prevent efforts to diminish the effectiveness of the Rights.
ITEM 2. Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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GEOPARK LIMITED |
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| Date: |
June 5, 2025 |
By: |
/s/ Mónica Jiménez |
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Name: |
Mónica Jiménez |
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Title: |
Chief Strategy, SPEED and Legal Officer |