Transaction in Own Shares

RNS Number : 9100E

Gulf Keystone Petroleum Ltd.

03 March 2020

 

03 March 2020

Gulf Keystone Petroleum Ltd. (LSE: GKP)

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

Transaction in Own Shares

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announces that it has made the following redemptions pursuant to the share buyback programme (the "Buyback Programme") announced on 10 December 2019.

Date of purchase	03 March 2020
Number of common shares purchased	235,000
Highest price paid per common share	153.20 pence
Lowest price paid per common shares	151.80 pence
Volume weighted average price per common share	152.77 pence

As announced on 10 December 2019, the Company will use existing cash resources to make market purchases of common shares for a maximum consideration of $25 million. The initial amount of $15 million of the programme has been completed. Further to the announcement on 21 January 2020, purchases of the final amount of $10 million has commenced. Under the programme, the Company has purchased 8,812,667 common shares for a total value of $21.92 million to date.

Notification of total voting rights in accordance with the FCA's Disclosure and Transparency Rules provision 5.6.1R.

Following the repurchase of the shares set out above the Company's issued share capital consists of 212,470,079 common shares plus 16,959,487 common shares held in Treasury.

The above figure of 212,470,079 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Gulf Keystone under the FCA's Disclosure and Transparency Rules. The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own common shares by the Company, which were all executed through the Company's broker, Canaccord Genuity Limited, are set out below:

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
73,282	153.20	08:25:18	London Stock Exchange
2,599	153.20	10:39:12	London Stock Exchange
2,401	153.20	10:44:41	London Stock Exchange
1,720	153.20	11:12:56	London Stock Exchange
3,280	153.20	11:12:56	London Stock Exchange
3,336	153.20	11:12:56	London Stock Exchange
1,664	153.20	11:12:56	London Stock Exchange
1,672	153.20	11:12:56	London Stock Exchange
139	153.20	11:12:56	London Stock Exchange
455	153.20	11:26:03	London Stock Exchange
4,406	153.20	11:26:03	London Stock Exchange
455	153.20	11:26:03	London Stock Exchange
232	153.20	11:26:03	London Stock Exchange
2,641	153.20	11:26:03	London Stock Exchange
2,789	153.00	09:26:05	London Stock Exchange
2,211	153.00	09:26:05	London Stock Exchange
2,211	153.00	09:26:05	London Stock Exchange
2,010	153.00	09:26:05	London Stock Exchange
5,000	153.00	11:44:00	London Stock Exchange
5,000	153.00	11:44:00	London Stock Exchange
5,000	153.00	11:44:00	London Stock Exchange
1,262	153.00	11:44:14	London Stock Exchange
1,025	153.00	11:44:14	London Stock Exchange
2,713	153.00	11:44:14	London Stock Exchange
1,025	153.00	11:44:14	London Stock Exchange
2,713	153.00	11:44:14	London Stock Exchange
488	152.80	15:08:54	London Stock Exchange
4,512	152.80	15:08:54	London Stock Exchange
5,000	152.80	15:08:54	London Stock Exchange
1,718	152.80	15:08:54	London Stock Exchange
5,000	152.60	09:06:17	London Stock Exchange
779	152.60	09:06:17	London Stock Exchange
4,221	152.60	09:06:17	London Stock Exchange
779	152.60	09:06:17	London Stock Exchange
277	152.60	09:06:25	London Stock Exchange
4,723	152.60	09:06:25	London Stock Exchange
5,000	152.60	12:48:10	London Stock Exchange
161	152.60	12:48:10	London Stock Exchange
4,839	152.60	12:48:10	London Stock Exchange
1,318	152.60	12:48:10	London Stock Exchange
161	152.60	12:48:10	London Stock Exchange
4,839	152.60	12:48:10	London Stock Exchange
4,839	152.60	12:48:10	London Stock Exchange
161	152.60	12:48:10	London Stock Exchange
3,682	152.60	12:49:59	London Stock Exchange
1,106	152.40	12:02:25	London Stock Exchange
156	152.40	12:02:25	London Stock Exchange
4,400	152.00	13:05:35	London Stock Exchange
600	152.00	13:05:35	London Stock Exchange
1,486	152.00	13:05:35	London Stock Exchange
1,486	152.00	13:05:35	London Stock Exchange
1,486	152.00	13:05:35	London Stock Exchange
542	152.00	13:05:35	London Stock Exchange
944	152.00	13:05:35	London Stock Exchange
549	152.00	13:05:35	London Stock Exchange
157	152.00	13:05:35	London Stock Exchange
4,294	152.00	13:05:35	London Stock Exchange
5,000	152.00	13:05:49	London Stock Exchange
4,056	152.00	13:13:12	London Stock Exchange
193	151.80	13:44:00	London Stock Exchange
113	151.80	13:44:00	London Stock Exchange
712	151.80	13:44:00	London Stock Exchange
3,982	151.80	13:44:00	London Stock Exchange
825	151.80	13:44:00	London Stock Exchange
765	151.80	13:44:00	London Stock Exchange
4,235	151.80	13:44:00	London Stock Exchange
1,348	151.80	13:44:00	London Stock Exchange
3,200	151.80	13:44:00	London Stock Exchange
1,671	151.80	13:44:00	London Stock Exchange
129	151.80	13:44:00	London Stock Exchange
1,542	151.80	13:44:00	London Stock Exchange
2,192	151.80	14:47:12	London Stock Exchange
2,808	151.80	14:49:01	London Stock Exchange
1,285	151.80	14:49:01	London Stock Exchange

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.

 

END

 

 

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