Additional Listing & Award of

RNS Number : 0036P

Gulf Keystone Petroleum Ld

17 March 2009

 



Not for release, publication or distribution in or into jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction

17 March 2009

Gulf Keystone Petroleum Ltd.

("Gulf Keystone" or "the Company")

Additional Listing & Award of Options 

At a board meeting held on the 16th March 2009, it was resolved to award 985,906 new common shares of USD 0.01 (the "award Shares") to employees pursuant to the Company's Executive Bonus Scheme (the "Scheme"). 

The award Shares will be issued fully paid and will rank pari passu in all respects with the existing issued common shares of the Company. Application has been made for admission of the award Shares to trading on AIM with effect from 20 March 2009. 

Details of directors receiving award Shares under the Scheme are as follows:

Todd Kozel             166,667 common shares

Ewen Ainsworth       95,767 common shares

Ali Al-Qabandi        150,000 common shares

In addition, the board meeting also resolved, under Gulf Keystone's Unapproved Share Option Plan (the "Plan"), a cancellation of options granted under the Plan prior to December 2007 and a grant of new options.  Details of directors granted new options under the Plan, after cancellation of options granted prior to December 2007, are as follows:

	New options granted	Exercise price	Options cancelled	Exercise price
Todd Kozel	3,000,000	30p	2,650,000	48p
Ali Al-Qabandi	1,000,000	30p	500,000	48p

Enquiries

Gulf Keystone Petroleum:                    [phone]
Todd Kozel, Executive Chairman

Ewen Ainsworth, Chief Financial Officer

RBC Capital Markets:                           [phone]

Sarah Wharry

Tristone Capital Limited:                     [phone]

Simon Ashby-Rudd

Majid Shafiq

Citigate Dewe Rogerson:                     [phone] 
Martin Jackson

or visit: www.gulfkeystone.com

 

END

 

 

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