Completion of US$25 million Buyback Programme

RNS Number : 1926P

Gulf Keystone Petroleum Ltd.

09 October 2019

 

09 October 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)

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

Completion of US$25 million Buyback Programme

Gulf Keystone Petroleum is pleased to announce that following the purchase of ordinary shares on 8 October 2019, the Company's US$25 million share buyback programme as announced on 8 July, 2 September and 10 September 2019 was completed.

In aggregate, between 8 July 2019 and 8 October 2019, the Company repurchased 8,729,820 ordinary shares at a VWAP of 232.62 pence per share.

Following the above transaction, the Company's issued share capital comprises 229,429,566 ordinary shares, of which 8,729,820 ordinary shares are held in treasury. The Company now has a total of 220,699,746 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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