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Gulf Keystone Petroleum Ltd (GKP)
Director / PDMR Shareholdings
29-Sep-2023 / 15:25 GMT/BST
29 September 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Director / PDMR Shareholdings
Gulf Keystone announces that it was informed on 29 September 2023 of the following share transactions with respect to persons discharging managerial responsibilities ("PDMR"). With respect to the 2014 Long Term Incentive Plan ("LTIP"), the PDMRs have exercised their vested nil-cost share options granted to them. All PDMRs sold a proportion of the vested award to pay the tax liability arising upon exercise.
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Name
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Position
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Share Option Scheme
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Options exercised
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Shares sold for tax
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Shares retained
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Average price per share of sale (£)
|
Date of sale
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Further Shares purchased/(sold)
|
Price per share purchased/(sold) (£)
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Date of purchase /sale
|
Shareholding post transaction
|
Shareholding percentage post transaction (%)
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|
Ian Weatherdon
|
CFO
|
2014 LTIP
|
1,190,379
|
561,444
|
628,935
|
1.010295
|
27-09-2023
|
-
|
-
|
-
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Total – I. Weatherdon
679,047*
|
0.30
|
|
Gabriel Papineau-Legris
|
CCO
|
2014 LTIP
|
532,835
|
251,313
|
281,522
|
1.010295
|
27-09-2023
|
1,121
|
1.013593
|
28-09-2023
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Total – G. Papineau-Legris
400,000**
|
0.18
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Alasdair Robinson
|
CLO
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2014 LTIP
|
342,766
|
168,546
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174,220
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1.010295
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27-09-2023
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(84,091)
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1.012428
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28-09-2023
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Total – A. Robinson
150,000**
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0.07
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* 50,112 common shares owned prior to transaction
** 117,357 common shares owned prior to transactions
*** 59,871 common shares owned prior to transactions
Enquiries:
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
This notification is made in accordance with the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ian Weatherdon
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Gulf Keystone Petroleum Limited
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b)
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LEI
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213800QTAQOSSTNTPO15
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
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b)
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Nature of the transaction
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- Exercise of 1,190,379 nil-cost options pursuant to 2014 LTIP (2020 award)
- Sale of 561,444 shares to cover tax liability
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0p
101.0295p
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1,190,379
561,444
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|
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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-
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Total
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|
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Price(s)
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Volume(s) Total
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0p
101.0295p
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1,190,379 £0
561,444 £567,224.07
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|
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e)
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Date of the transaction
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27 September 2023
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f)
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Place of the transaction
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London Stock Exchange
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Gabriel Papineau-Legris
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2
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Reason for the notification
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a)
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Position/status
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Chief Commercial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Gulf Keystone Petroleum Limited
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b)
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LEI
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213800QTAQOSSTNTPO15
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
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b)
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Nature of the transaction
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- Exercise of 532,835 nil-cost options pursuant to 2014 LTIP (2020 award)
2. Sale of 251,313 shares to cover tax liability
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0p
101.0295p
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532,835
251,313
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|
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d)
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Aggregated information
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-
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Aggregated volume
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|
-
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Price
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|
-
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Total
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|
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Price(s)
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Volume(s) Total
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0p
101.0295p
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532,835 £0
251,313 £253,900.27
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|
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e)
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Date of the transaction
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27 September 2023
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f)
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Place of the transaction
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London Stock Exchange
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Alasdair Robinson
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2
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Reason for the notification
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a)
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Position/status
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Chief Legal Officer
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b)
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Initial notification/Amendment
|
Initial notification
|
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
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Gulf Keystone Petroleum Limited
|
|
b)
|
LEI
|
213800QTAQOSSTNTPO15
|
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|
a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
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b)
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Nature of the transaction
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- Exercise of 342,766 Nil-cost options pursuant to 2014 LTIP (2020 award)
2. Sale of 168,546 shares to cover tax liability
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0p
101.0295p
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342,766
168,546
|
|
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d)
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Aggregated information
|
-
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Aggregated volume
|
|
-
|
Price
|
|
-
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Total
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|
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Price(s)
|
Volume(s) Total
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|
0p
101.0295p
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342,766 £0
168,546 £170,281.18
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|
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e)
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Date of the transaction
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27 September 2023
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f)
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Place of the transaction
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London Stock Exchange
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Gabriel Papineau-Legris
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2
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Reason for the notification
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a)
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Position/status
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Chief Commercial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
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Name
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Gulf Keystone Petroleum Limited
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b)
|
LEI
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213800QTAQOSSTNTPO15
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|
a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
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b)
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Nature of the transaction
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1. Purchase of 1,121 common shares
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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101.3593p
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1,121
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|
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d)
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Aggregated information
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-
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Aggregated volume
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|
-
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Price
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|
-
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Total
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|
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Price(s)
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Volume(s) Total
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101.3593p
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1,121 £1,136.24
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|
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e)
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Date of the transaction
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28 September 2023
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f)
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Place of the transaction
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London Stock Exchange
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Alasdair Robinson
|
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2
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Reason for the notification
|
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a)
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Position/status
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Chief Legal Officer
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b)
|
Initial notification/Amendment
|
Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a)
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Name
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Gulf Keystone Petroleum Limited
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b)
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LEI
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213800QTAQOSSTNTPO15
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|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
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Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
|
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b)
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Nature of the transaction
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1. Sale of 84,091 common shares
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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101.2428p
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84,091
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d)
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Aggregated information
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-
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Aggregated volume
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|
-
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Price
|
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-
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Total
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Price(s)
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Volume(s) Total
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101.2428p
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84,091 £85,136.08
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e)
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Date of the transaction
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28 September 2023
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f)
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Place of the transaction
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London Stock Exchange
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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