PDC Energy Successfully Executing on Strategic Plan to Create Shareholder Value
Mails Letter to Shareholders Highlighting Strength of Long-Term Strategy and Operating Plan
Highly-Qualified and Engaged Board Urges Shareholders to Vote “For” All Three of Company’s Nominees on the WHITE Proxy Card
Highlights of the letter include:
- Under the leadership of the Board of Directors and management team, the Company has taken decisive steps to reposition the portfolio and operated with excellence through dynamic industry cycles.
- PDC’s Board is highly qualified, has demonstrated a commitment to leadership and strong governance, including recent refreshment, and remains open-minded, engages with shareholders and regularly evaluates the business and industry to seek out new ideas and perspectives to create additional value.
- Independent industry analysts have recognized PDC’s strategy and the prioritization of free cash flow.
- Activist shareholder, Kimmeridge, has brought forward dangerous and ever-changing demands that demonstrate a lack of public company operating experience, a lack of focus and suggests escalating certain ongoing PDC initiatives to levels that threaten the stability of the Company.
The Company’s letter to shareholders can be found at votewhiteforPDC.com/letters. Additional materials regarding the Board’s recommendation for the 2019 Annual Meeting can be found at votewhiteforPDC.com.
EVERY SHAREHOLDER’S VOTE IS EXTREMELY IMPORTANT,
NO MATTER HOW MANY SHARES THEY OWN.
Shareholders who have questions or require any assistance voting their shares
should contact PDC Energy’s proxy solicitor:
Stockholders may call toll-free: (800) 322-2885
Banks and Brokers may call collect: (212) 929-5500
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities Act"), Section 21E of the Securities Exchange Act of 1934 ("Exchange Act") and
Further, we urge you to carefully review and consider the cautionary statements and disclosures, specifically those under the heading "Risk Factors," made in our Annual Report on Form 10-K for the year ended
PDC has filed a definitive proxy statement and WHITE proxy card with the
CERTAIN INFORMATION REGARDING PARTICIPANTS
PDC, its directors and certain of its executive officers may be deemed to be participants in connection with the solicitation of proxies from PDC’s shareholders in connection with the matters to be considered at the 2019 Annual Meeting. Information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the proxy statement and other materials to be filed with the
|Senior Director Investor Relations|
|Joele Frank, Wilkinson Brimmer Katcher|
|Andy Brimmer / Andrew Siegel|
Source: PDC Energy, Inc.