SINGAPORE and PORT MORESBY, Papua New Guinea, June 9, 2016 /PRNewswire/ --
- Court Rejects Dissident's Attempt to
Delay Shareholder Meeting
- InterOil Reminds Shareholders to Vote
the WHITE Proxy As Recommended by the Board
- To Make Your Vote Count It Must Be
Received by 8:00 PM EDT on
June 10, 2016
InterOil Corporation (NYSE: IOC; POMSoX: IOC) today announced
that, at a hearing held today, the Supreme Court of Yukon rejected Phil
Mulacek's attempt to delay the Corporation's Annual and
Special Meeting of Shareholders (the "Meeting"), finding there was
no basis on which to interfere with the Board of Director's
judgement to proceed with the Meeting. As a result, the Meeting
will proceed as scheduled, for June
14, 2016.
Time is short and shareholders are encouraged to vote the
WHITE proxy today:
- To be counted, all proxies must be
received by 8:00PM EDT on
June 10, 2016
- Vote online at: www.proxyvote.com
- Vote by calling Broadridge at: 800-454-8683 (US) |
1-800-474-7493 (Canada)
- For assistance, contact Mackenzie Partners, Inc. at U.S. (800)
322-2885 and internationally +1 (212) 929-5500, or
iocproxy@mackenziepartners.com
- Additional information is available at
www.interoil.com/agm2016
InterOil encourages shareholders to vote the WHITE proxy as
recommended by the Board FOR all of InterOil's highly qualified
director nominees and to reject Mulacek's resolutions and
hand-picked and unqualified nominees.
InterOil's director nominees are proven leaders that have taken
decisive action to address the challenges created by Mr. Mulacek
prior to his departure from the Corporation and create value for
shareholders. The Board has enabled InterOil to enter the
compelling transaction with Oil Search Limited, which your Board
believes will deliver significant value to all InterOil
shareholders.
In contrast, Mr. Mulacek is pursuing a self-serving agenda to
take control of InterOil's Board and its future through its
requisitioned resolutions and by nominating his employees and
associates for election to the Corporation's Board. Mr. Mulacek has
articulated no strategy for InterOil and his interests conflict with those of InterOil and
its shareholders. The Board has thoroughly reviewed
Mulacek's resolutions and his nominees and determined that they are
not in the best interest of InterOil or its shareholders.
InterOil urges shareholders to discard any proxy sent to them by
Mulacek. Even if shareholders have previously voted on the blue
proxy, they may change their vote by submitting a later-dated WHITE
proxy or following the instructions on their proxy. Only the
last-dated proxy will count.
If you have any questions, require assistance
with
voting your WHITE
proxy card or need additional copies of the proxy materials, please
contact:
MACKENZIE
PARTNERS, INC.
105 Madison Avenue
New York, NY 10016
iocproxy@mackenziepartners.com
(212) 929-5500 (Call Collect)
Or
TOLL-FREE (800) 322-2885
About InterOil
InterOil Corporation is an independent oil and gas business with
a sole focus on Papua New Guinea.
InterOil's assets include one of Asia's largest undeveloped gas fields,
Elk-Antelope, in the Gulf Province, and exploration licenses
covering about 16,000sqkm. Its main offices are in Singapore and Port
Moresby. InterOil is listed on the New York and Port
Moresby stock exchanges.
Investor Contacts
Singapore
|
Singapore
|
United
States
|
Michael
Lynn
Senior Vice
President
Investor
Relations
|
David Wu
Vice
President
Investor
Relations
|
Cynthia
Black
Investor
Relations
North
America
|
T: +65 6507
0222
E:
michael.lynn@interoil.com
|
T: +65 6507
0222
E:
david.wu@interoil.com
|
T: +1 212 653
9778
E:
cynthia.black@interoil.com
|
Media Contacts
Singapore
|
United
States
|
Ann Lee
Communications
Specialist
|
James Golden/ Aaron
Palash
Joele Frank,
Wilkinson Brimmer Katcher
|
T: +65 6507
0222
E:
ann.lee@interoil.com
|
T: +1 212 355
4449
E:
ioc-jf@joelefrank.com
|
Forward Looking Statements
This release includes "forward-looking statements". All
statements, other than statements of historical facts, included in
this release are forward-looking statements. These statements are
based on the current belief of InterOil, as well as assumptions
made by, and information currently available to InterOil. No
assurances can be given however, that these events will occur.
Actual results could differ, and the difference may be material and
adverse to the combined company and its shareholders. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the
InterOil, which may cause actual results to differ materially from
those implied or expressed by the forward-looking statements. These
include in particular information and statements relating to
InterOil's agreement with Oil Search and the ability to realize the
anticipated benefits and the other risk factors discussed in
InterOil's publicly available filings, including but not limited to
those in InterOil's annual report for the year ended December 31, 2015 on Form 40-F and its Annual
Information Form for the year ended December
31, 2015. InterOil disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable laws.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/interoil-to-proceed-with-shareholder-meeting-as-scheduled-300282878.html
SOURCE InterOil Corporation