Transaction in Own Shares

RNS Number : 6506A
Gulf Keystone Petroleum Ltd.
22 January 2020
 

 


22 January 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

22 January 2020

Number of common shares purchased

106,543

Highest price paid per common share

200.0 pence

Lowest price paid per common shares

199.0 pence

Volume weighted average price per common share

199.8 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 with the first stage of the programme being for an initial amount of $15 million. Under the programme, the Company has purchased 3,933,430 common shares for a total value of $10.56 million.

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 217,348,316 common shares plus 12,081,250 common shares held in Treasury.

The above figure of 217,348,316 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

 631

200.0

11:08:12

London Stock Exchange

 381

200.0

11:08:12

London Stock Exchange

 381

200.0

11:08:12

London Stock Exchange

 392

200.0

11:08:12

London Stock Exchange

 2,938

200.0

11:08:12

London Stock Exchange

 243

200.0

11:08:12

London Stock Exchange

 243

200.0

11:08:12

London Stock Exchange

 392

200.0

11:08:12

London Stock Exchange

 381

200.0

11:08:12

London Stock Exchange

 3,400

200.0

11:24:05

London Stock Exchange

 412

200.0

11:24:05

London Stock Exchange

 54

200.0

11:24:05

London Stock Exchange

 392

200.0

11:24:05

London Stock Exchange

 327

200.0

11:24:05

London Stock Exchange

 392

200.0

11:24:05

London Stock Exchange

 381

200.0

11:24:05

London Stock Exchange

 869

200.0

11:25:05

London Stock Exchange

 38

200.0

11:52:08

London Stock Exchange

 113

200.0

11:59:26

London Stock Exchange

 6

200.0

12:02:23

London Stock Exchange

 10

200.0

12:02:23

London Stock Exchange

 116

200.0

12:02:23

London Stock Exchange

 63

200.0

12:02:23

London Stock Exchange

 26

200.0

12:02:23

London Stock Exchange

 37

200.0

12:02:23

London Stock Exchange

 4

200.0

12:02:23

London Stock Exchange

 107

200.0

12:02:23

London Stock Exchange

 1,851

200.0

12:14:04

London Stock Exchange

 681

200.0

12:15:16

London Stock Exchange

 415

200.0

12:22:32

London Stock Exchange

 2,085

200.0

12:22:32

London Stock Exchange

 2,500

200.0

12:22:32

London Stock Exchange

 1,684

200.0

12:22:32

London Stock Exchange

 970

200.0

12:22:32

London Stock Exchange

 2,085

200.0

12:22:32

London Stock Exchange

 415

199.6

13:46:10

London Stock Exchange

 404

199.6

13:46:10

London Stock Exchange

 4,036

199.6

13:46:10

London Stock Exchange

 5,050

199.6

13:46:10

London Stock Exchange

 376

199.6

13:46:10

London Stock Exchange

 404

199.6

13:46:10

London Stock Exchange

 415

199.6

13:46:10

London Stock Exchange

 387

199.6

13:46:10

London Stock Exchange

 343

199.6

13:46:10

London Stock Exchange

 404

199.6

13:46:10

London Stock Exchange

 404

199.6

13:46:10

London Stock Exchange

 415

199.6

13:46:10

London Stock Exchange

 415

199.6

13:46:10

London Stock Exchange

 352

199.6

13:46:10

London Stock Exchange

 404

199.6

13:46:10

London Stock Exchange

 45

200.0

15:46:03

London Stock Exchange

 5,921

200.0

15:46:06

London Stock Exchange

 4,810

200.0

15:46:06

London Stock Exchange

 386

200.0

16:01:37

London Stock Exchange

 318

200.0

16:08:48

London Stock Exchange

 274

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 376

200.0

16:09:31

London Stock Exchange

 323

200.0

16:09:31

London Stock Exchange

 489

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 128

200.0

16:09:31

London Stock Exchange

 386

200.0

16:09:31

London Stock Exchange

 1,017

200.0

16:09:31

London Stock Exchange

 396

200.0

16:09:31

London Stock Exchange

 3,760

200.0

16:09:31

London Stock Exchange

 640

200.0

16:09:31

London Stock Exchange

 3,442

200.0

16:09:31

London Stock Exchange

 9,747

200.0

16:09:31

London Stock Exchange

 1,355

200.0

16:09:31

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 216

199.6

16:16:14

London Stock Exchange

 222

199.6

16:16:14

London Stock Exchange

 378

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 330

199.6

16:16:14

London Stock Exchange

 330

199.6

16:16:14

London Stock Exchange

 330

199.6

16:16:14

London Stock Exchange

 330

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 378

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 33

199.6

16:16:14

London Stock Exchange

 3,778

199.6

16:16:14

London Stock Exchange

 119

199.6

16:16:14

London Stock Exchange

 388

199.6

16:16:14

London Stock Exchange

 2,458

199.6

16:16:15

London Stock Exchange

 195

199.6

16:16:15

London Stock Exchange

 295

199.6

16:16:15

London Stock Exchange

 173

199.6

16:16:15

London Stock Exchange

 3,349

199.6

16:16:15

London Stock Exchange

 166

199.6

16:16:15

London Stock Exchange

 166

199.6

16:16:15

London Stock Exchange

 162

199.6

16:16:15

London Stock Exchange

 234

199.6

16:16:15

London Stock Exchange

 3,544

199.6

16:16:15

London Stock Exchange

 593

199.6

16:16:15

London Stock Exchange

 127

199.6

16:16:15

London Stock Exchange

 83

199.6

16:16:15

London Stock Exchange

 49

199.6

16:16:15

London Stock Exchange

 77

199.6

16:16:15

London Stock Exchange

 593

199.6

16:16:15

London Stock Exchange

 158

199.6

16:16:15

London Stock Exchange

 378

199.6

16:16:15

London Stock Exchange

 388

199.6

16:16:15

London Stock Exchange

 164

199.6

16:16:15

London Stock Exchange

 248

199.6

16:16:15

London Stock Exchange

 538

199.6

16:16:15

London Stock Exchange

 409

199.6

16:24:57

London Stock Exchange

 456

199.6

16:25:35

London Stock Exchange

 576

199.6

16:26:49

London Stock Exchange

 125

199.6

16:26:49

London Stock Exchange

 136

199.6

16:26:49

London Stock Exchange

 341

199.0

16:35:02

London Stock Exchange

 2,475

199.0

16:35:02

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.


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