Dividend Payment

RNS Number : 5425E

Gulf Keystone Petroleum Ltd.

05 July 2019

 

5 July 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)

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

Dividend Payment

At Gulf Keystone's Annual General Meeting on 21 June 2019, shareholders approved the distribution of a total cash dividend of $50 million for the year ended 31 December 2018. This dividend will be paid in two tranches: the initial one third tranche will be paid today (the "Initial Tranche") and the balance (two-thirds of the total aggregate dividend) will be paid on a date to be determined by the Board following release of the Company's half-yearly results.

The Initial Tranche is equivalent 7.26 US cents per common share of the Company ("Common Share"). It has been converted into pounds sterling at a rate of $1:£0.7823 prevailing on 27 June 2019, and hence a dividend of 5.68p per Common Share will be paid today to those shareholders on the register of members of the Company as at 28 June 2019.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Celicourt Communications:	[phone]
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.

 

END

 

 

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