Parex Resources Withdraws Director Nominations for GeoPark Ltd with 9.4% Stake

Parex Resources Inc. filed Amendment No. 4 to its Schedule 13D on April 9, 2026, regarding its investment in GeoPark Ltd (GPRK). The Reporting Person currently holds 6,085,086 common shares, representing a 9.4% ownership stake in the company. The primary purpose of this amendment is to disclose a significant change in the Reporting Person's activist strategy. On April 8, 2026, Parex Resources officially withdrew its prior nomination of six independent candidates for election to GeoPark's Board of Directors at the upcoming 2026 annual general meeting. Consequently, Parex has ceased its solicitation of proxies against current board members and has terminated all director nomination and indemnification agreements with its proposed candidates. This move indicates a cessation of the previously disclosed plan to contest the board composition. The filing confirms that Parex Resources maintains sole voting and dispositive power over its reported shares, and the ownership percentage is based on 64,678,772 shares outstanding as of March 19, 2026.