Completion of second US$25 million Buyback

RNS Number : 1886G

Gulf Keystone Petroleum Ltd.

16 March 2020

 

16 March 2020

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Completion of second US$25 million Buyback Programme

Gulf Keystone Petroleum is pleased to announce that following the purchase of ordinary shares on 13 March 2020, the Company's US$25 million share buyback programme as announced on 10 December 2019 and 21 January 2020 has been completed. In aggregate, between 10 December 2019 and 13 March 2020, the Company repurchased 10,912,244 ordinary shares at a VWAP of 176.1   pence per share.

The Company has now bought back shares for a total value of US$50 million in the last twelve months.

Gulf Keystone's issued share capital comprises 229,429,566 ordinary shares, of which 19,059,064 ordinary shares are held in treasury. The Company now has a total of 210,370,502 ordinary shares in issue with voting rights. This figure should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

Celicourt Communications:	+ 44(0) 20 8434 2754
Mark Antelme Jimmy Lea

or visit: www.gulfkeystone.com  

Notes to Editors:

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website  www.gulfkeystone.com

Disclaimer

This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business.  These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy.  This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.  This announcement should not be relied on by any other party or for any other purpose.

 

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