Director/PDMR Shareholding

RNS Number : 2840D

Gulf Keystone Petroleum Ltd

30 November 2009

 



Not for release, publication or distribution in or into jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction

30 November 2009

Gulf Keystone Petroleum Ltd.

("Gulf Keystone" or "the Company")

Director Purchase of Shares

Gulf Keystone Petroleum Limited (AIM: GKP) announces that on the 27th November 2009 Jeremy Asher, a non-executive director of the Company, purchased 2,000,000 common shares in the Company ("Common Shares") (representing approximately 0.41% of the issued share capital) at an average price of 94p per share, through Agile Energy Limited ("Agile Energy"). 

Agile Energy is a Channel Islands company owned by the Asher Family Trust, of which Jeremy Asher is the settler and lifetime beneficiary. 

Following the purchase, Agile Energy has a beneficial interest in 14,000,000 Gulf Keystone shares, representing approximately 2.9% of the Company's issued share capital.

Agile Energy has also notified the Company that it has agreed to pledge its entire beneficial interest in the Company as part of the security package for a revolving credit facility to be provided to the Asher Family Trust. There is no change in Agile Energy's overall shareholding in the Company, and it continues to have an interest in 14,000,000 Common Shares representing approximately 2.9% of the issued share capital of the Company.

Enquiries:

Gulf Keystone Petroleum:	[phone]
Todd Kozel, Executive Chairman
Ewen Ainsworth, Chief Financial Officer
Strand Hanson Limited	[phone]
Simon Raggett / Rory Murphy / James Harris
Mirabaud Securities LLP	[phone]
Peter Krens / Pav Sanghera
Brunswick Group LLP	[phone]
Patrick Handley

or visit: www.gulfkeystone.com

 

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