Independent Proxy Advisors Recommend Against TFG's Share Limit Proposal for Kolibri Global Energy Inc.
ByAinvest
Tuesday, Nov 11, 2025 2:37 pm ET1min read
KGEI--
Kolibri Global Energy Inc.'s independent proxy advisory firms, ISS and Glass Lewis, recommend voting against the Share Limit Proposal to cap the number of common shares authorized to issue at 37,367,894. The firms argue that the proposal could reduce strategic optionality, increase costs, and impair the company's ability to implement its equity compensation plans. Kolibri's board of directors also recommends voting against the proposal, stating it is detrimental to shareholders and not in the company's best interests.
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