Transaction in Own Shares

RNS Number : 7908A

Gulf Keystone Petroleum Ltd.

23 January 2020

 

23 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	23 January 2020
Number of common shares purchased	105,011
Highest price paid per common share	196.4 pence
Lowest price paid per common shares	196.0 pence
Volume weighted average price per common share	196.1 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 4,038,441 common shares for a total value of $10.83 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 and the transfer of 1,000 shares from treasury to satisfy share option scheme awards, the Company's issued share capital consists of 217,244,305 common shares plus 12,185,261 common shares held in Treasury.

The above figure of 217,244,305 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
1,253	196.4	09:10:57	London Stock Exchange
1,128	196.4	09:10:57	London Stock Exchange
52	196.4	09:10:57	London Stock Exchange
279	196.4	09:10:57	London Stock Exchange
71	196.4	09:10:57	London Stock Exchange
81	196.4	09:10:57	London Stock Exchange
399	196.4	09:10:57	London Stock Exchange
3,635	196.4	09:10:57	London Stock Exchange
349	196.4	09:10:58	London Stock Exchange
895	196.4	09:15:40	London Stock Exchange
113	196.4	09:43:13	London Stock Exchange
475	196.4	09:43:13	London Stock Exchange
3,723	196.4	09:43:13	London Stock Exchange
462	196.4	09:45:02	London Stock Exchange
462	196.4	09:45:02	London Stock Exchange
475	196.4	09:45:02	London Stock Exchange
462	196.4	09:45:02	London Stock Exchange
3,559	196.4	09:45:02	London Stock Exchange
903	196.4	09:45:02	London Stock Exchange
669	196.4	09:45:02	London Stock Exchange
5,555	196.4	09:45:02	London Stock Exchange
70	196.0	10:38:34	London Stock Exchange
434	196.0	10:38:34	London Stock Exchange
434	196.0	10:38:34	London Stock Exchange
446	196.0	10:38:34	London Stock Exchange
446	196.0	10:38:34	London Stock Exchange
434	196.0	10:38:34	London Stock Exchange
434	196.0	10:38:34	London Stock Exchange
446	196.0	10:38:34	London Stock Exchange
2,497	196.0	10:38:34	London Stock Exchange
2,490	196.0	10:38:34	London Stock Exchange
1,852	196.0	10:38:34	London Stock Exchange
17	196.0	10:38:34	London Stock Exchange
17	196.0	10:38:34	London Stock Exchange
1,000	196.0	10:39:38	London Stock Exchange
334	196.0	10:43:07	London Stock Exchange
17	196.0	10:43:07	London Stock Exchange
429	196.0	10:43:07	London Stock Exchange
434	196.0	10:43:07	London Stock Exchange
429	196.0	10:43:07	London Stock Exchange
417	196.0	10:43:07	London Stock Exchange
775	196.0	10:43:07	London Stock Exchange
1,110	196.0	10:43:07	London Stock Exchange
172	196.0	10:46:43	London Stock Exchange
446	196.0	10:46:43	London Stock Exchange
446	196.0	10:46:43	London Stock Exchange
446	196.0	10:46:43	London Stock Exchange
446	196.0	10:46:43	London Stock Exchange
3,232	196.0	10:46:43	London Stock Exchange
2,934	196.0	10:46:43	London Stock Exchange
413	196.0	10:46:43	London Stock Exchange
434	196.0	10:46:43	London Stock Exchange
434	196.0	10:46:43	London Stock Exchange
434	196.0	10:46:43	London Stock Exchange
201	196.0	10:46:43	London Stock Exchange
293	196.0	11:46:57	London Stock Exchange
707	196.0	11:46:57	London Stock Exchange
422	196.0	11:46:57	London Stock Exchange
427	196.0	11:46:57	London Stock Exchange
387	196.0	11:46:57	London Stock Exchange
433	196.0	11:46:57	London Stock Exchange
293	196.0	11:46:57	London Stock Exchange
69	196.0	11:46:57	London Stock Exchange
433	196.0	11:46:57	London Stock Exchange
433	196.0	11:46:57	London Stock Exchange
93	196.0	11:46:57	London Stock Exchange
95	196.0	11:46:57	London Stock Exchange
446	196.0	11:46:57	London Stock Exchange
446	196.0	11:46:57	London Stock Exchange
54	196.0	11:46:57	London Stock Exchange
340	196.0	11:46:57	London Stock Exchange
351	196.0	11:46:57	London Stock Exchange
3,332	196.0	11:46:57	London Stock Exchange
909	196.0	11:46:57	London Stock Exchange
458	196.0	11:46:57	London Stock Exchange
2,321	196.0	11:46:57	London Stock Exchange
1,102	196.0	11:46:57	London Stock Exchange
3,332	196.0	11:46:57	London Stock Exchange
1,000	196.0	11:46:57	London Stock Exchange
1,887	196.0	11:51:10	London Stock Exchange
326	196.0	11:59:00	London Stock Exchange
11	196.0	11:59:00	London Stock Exchange
3	196.0	12:02:28	London Stock Exchange
3	196.0	12:02:28	London Stock Exchange
1	196.0	12:02:28	London Stock Exchange
58	196.0	12:02:28	London Stock Exchange
377	196.0	12:12:30	London Stock Exchange
1,677	196.0	12:12:30	London Stock Exchange
2,093	196.0	12:12:30	London Stock Exchange
388	196.0	12:12:30	London Stock Exchange
500	196.0	14:35:00	London Stock Exchange
487	196.0	14:35:00	London Stock Exchange
1,056	196.0	14:35:00	London Stock Exchange
2,200	196.0	14:35:00	London Stock Exchange
1,612	196.0	14:35:00	London Stock Exchange
4,816	196.0	14:35:00	London Stock Exchange
52	196.0	14:35:00	London Stock Exchange
3,221	196.0	14:35:00	London Stock Exchange
147	196.0	14:38:34	London Stock Exchange
1,647	196.0	14:38:34	London Stock Exchange
1,209	196.0	14:40:01	London Stock Exchange
487	196.0	14:40:01	London Stock Exchange
500	196.0	14:40:01	London Stock Exchange
3,571	196.0	14:45:02	London Stock Exchange
1,000	196.0	14:45:02	London Stock Exchange
1,000	196.0	14:45:33	London Stock Exchange
284	196.0	14:45:34	London Stock Exchange
1,000	196.0	14:45:34	London Stock Exchange
211	196.0	14:45:40	London Stock Exchange
1,232	196.0	15:25:17	London Stock Exchange
2,043	196.0	15:32:11	London Stock Exchange
882	196.0	15:36:21	London Stock Exchange
427	196.0	16:21:21	London Stock Exchange
427	196.0	16:27:45	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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