Transaction in Own Shares

RNS Number : 3484F

Gulf Keystone Petroleum Ltd.

06 March 2020

 

06 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	06 March 2020
Number of common shares purchased	244,000
Highest price paid per common share	139.80 pence
Lowest price paid per common shares	136.60 pence
Volume weighted average price per common share	137.54 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 9,540,667 common shares for a total value of $23.26 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 211,742,079 common shares plus 17,687,487 common shares held in Treasury.

The above figure of 211,742,079 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
2,500	139.20	08:05:30	London Stock Exchange
794	139.00	08:05:30	London Stock Exchange
2,117	139.00	08:05:30	London Stock Exchange
5,000	139.80	08:08:07	London Stock Exchange
4,516	139.80	08:09:51	London Stock Exchange
484	139.80	08:09:51	London Stock Exchange
357	139.80	08:11:50	London Stock Exchange
4,643	139.80	08:11:50	London Stock Exchange
997	139.80	08:11:50	London Stock Exchange
720	139.80	08:11:50	London Stock Exchange
2,872	139.80	08:11:50	London Stock Exchange
1,735	139.00	08:21:37	London Stock Exchange
169	139.00	08:25:08	London Stock Exchange
3,096	139.00	08:25:08	London Stock Exchange
4,483	139.00	08:25:08	London Stock Exchange
229	139.00	08:25:47	London Stock Exchange
221	139.00	08:26:47	London Stock Exchange
67	139.00	08:28:12	London Stock Exchange
1,333	139.00	08:28:12	London Stock Exchange
152	139.00	08:28:31	London Stock Exchange
136	139.00	08:28:42	London Stock Exchange
194	139.00	08:30:01	London Stock Exchange
1,930	139.00	08:30:14	London Stock Exchange
160	139.00	08:30:16	London Stock Exchange
2,428	139.00	08:30:16	London Stock Exchange
935	139.00	08:30:16	London Stock Exchange
1,679	139.00	08:30:31	London Stock Exchange
1,889	139.00	08:30:35	London Stock Exchange
450	139.00	08:30:35	London Stock Exchange
47	139.00	08:30:35	London Stock Exchange
47	139.00	08:30:35	London Stock Exchange
1,000	139.00	08:30:35	London Stock Exchange
122	139.00	08:30:36	London Stock Exchange
980	139.00	08:30:36	London Stock Exchange
361	139.00	08:30:52	London Stock Exchange
34	139.00	08:31:02	London Stock Exchange
286	139.00	08:31:02	London Stock Exchange
199	139.00	08:31:02	London Stock Exchange
8	139.00	08:31:03	London Stock Exchange
152	139.00	08:31:03	London Stock Exchange
315	139.00	08:31:03	London Stock Exchange
163	139.00	08:31:10	London Stock Exchange
230	137.20	08:50:26	London Stock Exchange
2,200	137.20	08:50:26	London Stock Exchange
2,570	137.20	08:50:26	London Stock Exchange
124	137.20	08:51:02	London Stock Exchange
1,248	137.20	08:51:02	London Stock Exchange
146	137.20	08:51:30	London Stock Exchange
3,482	137.20	08:51:30	London Stock Exchange
784	137.20	08:51:31	London Stock Exchange
218	137.20	08:52:02	London Stock Exchange
145	137.20	08:52:29	London Stock Exchange
210	137.20	08:52:32	London Stock Exchange
3,602	138.40	09:36:06	London Stock Exchange
1,398	138.40	09:36:06	London Stock Exchange
160	138.40	09:36:06	London Stock Exchange
1,714	138.40	09:36:06	London Stock Exchange
1,714	138.40	09:36:06	London Stock Exchange
1,412	138.40	09:36:06	London Stock Exchange
14	138.40	09:36:06	London Stock Exchange
288	138.40	09:36:06	London Stock Exchange
806	138.40	09:36:06	London Stock Exchange
1,841	138.40	09:36:10	London Stock Exchange
694	138.40	09:36:10	London Stock Exchange
1,111	136.60	10:14:17	London Stock Exchange
1,111	136.60	10:14:17	London Stock Exchange
1,111	136.60	10:14:17	London Stock Exchange
1,111	136.60	10:14:17	London Stock Exchange
1,111	136.60	10:14:17	London Stock Exchange
1,111	136.60	10:29:59	London Stock Exchange
1,111	136.60	10:37:13	London Stock Exchange
1,111	136.60	10:52:50	London Stock Exchange
1,111	136.60	10:52:50	London Stock Exchange
1,111	136.60	10:52:50	London Stock Exchange
1,111	136.60	10:52:50	London Stock Exchange
1,111	136.60	10:52:50	London Stock Exchange
292	136.60	10:52:50	London Stock Exchange
819	136.60	10:52:50	London Stock Exchange
33	136.60	10:52:50	London Stock Exchange
1,078	136.60	10:52:50	London Stock Exchange
1,111	136.60	10:53:15	London Stock Exchange
83	136.60	10:53:15	London Stock Exchange
1,028	136.60	10:53:19	London Stock Exchange
570	136.60	10:53:19	London Stock Exchange
459	136.60	10:53:19	London Stock Exchange
82	136.60	10:53:50	London Stock Exchange
1,111	136.60	10:53:51	London Stock Exchange
1,111	136.60	10:53:51	London Stock Exchange
39	136.60	10:53:51	London Stock Exchange
1	136.60	10:53:51	London Stock Exchange
1,071	136.60	10:53:56	London Stock Exchange
1,111	136.60	10:54:27	London Stock Exchange
1,111	136.60	10:54:27	London Stock Exchange
558	136.60	10:54:27	London Stock Exchange
10,000	136.80	11:17:08	London Stock Exchange
639	136.80	11:17:18	London Stock Exchange
1,500	136.80	11:17:18	London Stock Exchange
684	136.80	11:17:18	London Stock Exchange
3,061	136.80	11:17:18	London Stock Exchange
38	136.80	11:17:18	London Stock Exchange
4,078	136.80	11:23:50	London Stock Exchange
1,785	136.60	12:30:09	London Stock Exchange
3,215	136.60	12:30:09	London Stock Exchange
811	136.60	12:30:09	London Stock Exchange
3,200	136.60	12:30:09	London Stock Exchange
989	136.60	12:30:09	London Stock Exchange
3,411	136.60	12:30:09	London Stock Exchange
1,600	136.60	12:30:09	London Stock Exchange
491	136.60	12:30:09	London Stock Exchange
1,000	136.60	12:30:09	London Stock Exchange
1,909	136.60	12:30:09	London Stock Exchange
1,000	136.60	12:30:09	London Stock Exchange
1,000	136.60	12:30:09	London Stock Exchange
3,000	136.60	12:31:09	London Stock Exchange
467	136.60	12:31:09	London Stock Exchange
388	136.60	12:31:09	London Stock Exchange
734	136.60	12:31:19	London Stock Exchange
3,142	136.60	12:50:27	London Stock Exchange
1,858	136.60	12:50:27	London Stock Exchange
1,000	137.40	13:51:16	London Stock Exchange
4,000	137.40	13:51:16	London Stock Exchange
4,000	137.40	13:51:16	London Stock Exchange
1,000	137.40	13:51:16	London Stock Exchange
3,000	137.40	13:51:16	London Stock Exchange
2,341	137.40	13:51:16	London Stock Exchange
1,000	137.40	13:51:16	London Stock Exchange
1,659	137.40	13:51:37	London Stock Exchange
1,000	137.40	13:51:37	London Stock Exchange
1,000	137.40	13:51:37	London Stock Exchange
5,000	136.60	14:14:55	London Stock Exchange
1,511	136.60	14:14:55	London Stock Exchange
1,511	136.60	14:14:55	London Stock Exchange
1,511	136.60	14:14:55	London Stock Exchange
467	136.60	14:14:55	London Stock Exchange
1,044	136.60	14:14:55	London Stock Exchange
1,600	136.60	14:14:55	London Stock Exchange
3,400	136.60	14:14:55	London Stock Exchange
1,600	136.60	14:14:55	London Stock Exchange
5,000	136.60	14:16:10	London Stock Exchange
1,356	136.60	14:16:10	London Stock Exchange
5,000	137.60	14:52:01	London Stock Exchange
1,165	137.60	14:52:01	London Stock Exchange
503	137.60	14:52:01	London Stock Exchange
503	137.60	14:52:01	London Stock Exchange
169	137.60	14:52:01	London Stock Exchange
692	137.60	14:52:01	London Stock Exchange
8	137.60	14:52:01	London Stock Exchange
1,960	137.60	14:52:01	London Stock Exchange
8	137.60	14:52:01	London Stock Exchange
542	137.60	14:52:01	London Stock Exchange
4,458	137.60	14:52:28	London Stock Exchange
542	137.60	14:52:28	London Stock Exchange
367	137.60	14:53:30	London Stock Exchange
4,633	137.60	14:53:30	London Stock Exchange
4,450	137.60	14:53:30	London Stock Exchange
5,000	137.00	15:18:13	London Stock Exchange
1,043	137.00	15:18:13	London Stock Exchange
4,282	137.00	15:23:29	London Stock Exchange
718	137.00	15:23:29	London Stock Exchange
2,579	137.00	15:23:29	London Stock Exchange
642	137.60	16:00:23	London Stock Exchange
3,687	137.60	16:00:23	London Stock Exchange
61	137.60	16:00:23	London Stock Exchange
610	137.60	16:00:23	London Stock Exchange
61	137.60	16:00:23	London Stock Exchange
610	137.60	16:00:23	London Stock Exchange
593	137.60	16:02:37	London Stock Exchange
3,797	137.60	16:02:37	London Stock Exchange
1,317	137.60	16:02:37	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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