Transaction in Own Shares

RNS Number : 0089G

Gulf Keystone Petroleum Ltd.

12 March 2020

 

12 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	1 2 March 2020
Number of common shares purchased	312,616
Highest price paid per common share	92.90 pence
Lowest price paid per common shares	88.10 pence
Volume weighted average price per common share	89.75 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 10,652,244 common shares for a total value of $24.71 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 210,630,502 common shares plus 18,799,064 common shares held in Treasury.

The above figure of 210,630,502 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
1,831	91.0	08:30:26	London Stock Exchange
238	92.9	09:03:56	London Stock Exchange
238	92.9	09:05:18	London Stock Exchange
4,762	92.9	09:05:18	London Stock Exchange
2,670	92.9	09:05:18	London Stock Exchange
2,330	92.9	09:05:18	London Stock Exchange
2,330	92.9	09:05:18	London Stock Exchange
32	92.9	09:07:26	London Stock Exchange
1,039	92.9	09:08:34	London Stock Exchange
1,039	92.9	09:08:34	London Stock Exchange
1,599	92.9	09:08:34	London Stock Exchange
570	92.9	09:08:49	London Stock Exchange
3,008	92.9	09:08:49	London Stock Exchange
719	92.9	09:08:49	London Stock Exchange
703	92.9	09:08:49	London Stock Exchange
703	92.9	09:08:49	London Stock Exchange
1,189	92.9	09:09:04	London Stock Exchange
2,301	92.5	09:53:32	London Stock Exchange
2,699	92.5	09:53:32	London Stock Exchange
1,612	92.5	09:59:01	London Stock Exchange
3,388	92.5	09:59:01	London Stock Exchange
1,332	92.5	09:59:01	London Stock Exchange
1,830	92.5	09:59:01	London Stock Exchange
1,116	92.5	09:59:01	London Stock Exchange
1,838	92.5	09:59:01	London Stock Exchange
299	92.5	10:00:05	London Stock Exchange
830	92.5	10:00:05	London Stock Exchange
691	92.5	10:00:05	London Stock Exchange
1,293	92.5	10:00:05	London Stock Exchange
1,887	92.5	10:00:05	London Stock Exchange
1,887	92.5	10:00:05	London Stock Exchange
1,997	92.5	10:00:05	London Stock Exchange
300	91.1	11:30:34	London Stock Exchange
3,682	91.1	11:30:34	London Stock Exchange
35	91.1	11:30:34	London Stock Exchange
3,417	91.1	11:30:34	London Stock Exchange
983	91.1	11:30:34	London Stock Exchange
300	91.1	11:30:34	London Stock Exchange
300	91.1	11:30:34	London Stock Exchange
300	91.1	11:30:34	London Stock Exchange
1,018	91.1	11:30:34	London Stock Exchange
839	91.1	11:30:34	London Stock Exchange
983	91.1	11:30:34	London Stock Exchange
1,492	91.1	11:30:34	London Stock Exchange
1,260	91.1	11:30:34	London Stock Exchange
2,243	91.1	11:30:34	London Stock Exchange
2,499	91.1	11:30:34	London Stock Exchange
258	91.1	11:30:34	London Stock Exchange
2,606	91.1	11:30:45	London Stock Exchange
694	91.1	11:30:45	London Stock Exchange
2,190	92.1	12:32:01	London Stock Exchange
1,118	92.1	12:34:40	London Stock Exchange
1,692	92.1	12:34:40	London Stock Exchange
863	92.1	12:34:40	London Stock Exchange
1,303	92.1	12:34:40	London Stock Exchange
563	92.1	12:36:00	London Stock Exchange
602	92.1	12:36:04	London Stock Exchange
1,669	92.1	12:36:04	London Stock Exchange
1,318	92.1	12:36:04	London Stock Exchange
351	92.1	12:36:04	London Stock Exchange
351	92.1	12:36:04	London Stock Exchange
2,847	92.1	12:36:04	London Stock Exchange
2,197	92.1	12:37:49	London Stock Exchange
133	92.1	12:37:49	London Stock Exchange
575	92.1	12:37:49	London Stock Exchange
3,483	92.1	12:40:01	London Stock Exchange
536	92.1	12:40:06	London Stock Exchange
2,200	91.9	12:43:59	London Stock Exchange
2,800	91.9	12:43:59	London Stock Exchange
2,800	91.9	12:43:59	London Stock Exchange
600	91.9	12:43:59	London Stock Exchange
2,200	91.9	12:43:59	London Stock Exchange
2,800	91.9	12:43:59	London Stock Exchange
392	91.9	12:43:59	London Stock Exchange
2,200	91.9	12:43:59	London Stock Exchange
2,677	91.9	12:43:59	London Stock Exchange
1,600	91.9	12:45:20	London Stock Exchange
723	91.9	12:45:20	London Stock Exchange
723	91.9	12:45:20	London Stock Exchange
723	91.9	12:45:20	London Stock Exchange
723	91.9	12:45:20	London Stock Exchange
723	91.9	12:45:20	London Stock Exchange
679	91.9	12:45:20	London Stock Exchange
151	91.9	12:45:25	London Stock Exchange
135	91.9	12:45:25	London Stock Exchange
151	91.9	12:45:25	London Stock Exchange
5,000	89.0	13:25:04	London Stock Exchange
241	89.0	13:25:04	London Stock Exchange
1,094	89.0	13:25:04	London Stock Exchange
1,400	89.0	13:25:04	London Stock Exchange
1,335	89.0	13:25:04	London Stock Exchange
2,265	89.0	13:25:04	London Stock Exchange
5,000	89.0	13:25:04	London Stock Exchange
2,997	89.0	13:25:04	London Stock Exchange
685	89.0	13:25:04	London Stock Exchange
2,003	89.0	13:25:04	London Stock Exchange
5,000	89.0	13:26:09	London Stock Exchange
542	89.0	13:26:09	London Stock Exchange
2,620	89.0	13:27:09	London Stock Exchange
1,838	89.0	13:27:09	London Stock Exchange
277	89.0	13:27:09	London Stock Exchange
599	89.0	13:27:09	London Stock Exchange
2,528	89.0	13:27:22	London Stock Exchange
1,299	89.0	13:28:00	London Stock Exchange
479	89.0	13:28:00	London Stock Exchange
297	89.0	13:28:00	London Stock Exchange
2,501	89.0	13:28:00	London Stock Exchange
5,000	88.1	13:38:06	London Stock Exchange
2,812	88.1	13:38:06	London Stock Exchange
2,128	88.1	13:38:06	London Stock Exchange
2,752	88.1	13:38:06	London Stock Exchange
60	88.1	13:38:06	London Stock Exchange
2,720	88.1	13:38:06	London Stock Exchange
684	88.1	13:38:06	London Stock Exchange
1,596	88.1	13:38:47	London Stock Exchange
2,812	88.1	13:38:47	London Stock Exchange
162	88.1	13:38:47	London Stock Exchange
817	88.1	13:38:47	London Stock Exchange
2,026	88.1	13:38:47	London Stock Exchange
555	88.1	13:38:47	London Stock Exchange
748	88.1	13:38:47	London Stock Exchange
3,697	88.1	13:38:47	London Stock Exchange
386	88.1	13:38:47	London Stock Exchange
5,000	88.1	13:38:47	London Stock Exchange
558	88.1	13:38:48	London Stock Exchange
4,442	88.1	13:38:48	London Stock Exchange
1,678	88.1	13:39:13	London Stock Exchange
3,064	88.1	13:40:09	London Stock Exchange
258	88.1	13:41:10	London Stock Exchange
1,283	88.1	13:41:40	London Stock Exchange
1,045	88.1	13:41:40	London Stock Exchange
3,717	88.1	13:41:40	London Stock Exchange
102,616	88.1	13:59:25	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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