Board's Recommendation: Kolibri's board of directors unanimously recommends shareholders vote AGAINST the Share Limit Proposal, stating it would be detrimental to shareholders and not in the best interests of the Company.
Proxy Advisory Firms' Opinions: Both Institutional Shareholder Services (ISS) and Glass Lewis have advised shareholders to vote AGAINST the proposal, citing concerns about reduced strategic options and lack of compelling rationale from the proposing shareholder, TFG Asset Management UK LLP.
Meeting Details: The special general meeting for shareholders is scheduled for November 25, 2025, where shareholders can vote on the proposal. Voting is encouraged before the proxy deadline of November 21, 2025.
Voting Assistance: Shareholders can vote online or by phone, and those needing assistance can contact Barbara Fox for help with the voting process.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company, through its wholly owned subsidiary, Kolibri Energy US Inc., holds oil and gas rights to approximately 17,100 contiguous acres in the Tishomingo Field, focused on the Caney and Upper Sycamore formations. The acreage is strategically located in the Ardmore Basin, part of the SCOOP region in southern Oklahoma. The Company is actively developing the field, operating approximately 31 horizontal Caney Shale Oil wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
