Director Transfer of Shares

RNS Number : 4764T

Gulf Keystone Petroleum Ltd

29 September 2010

 



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

29 September 2010

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Director Transfer of Shares

Gulf Keystone Petroleum Limited (AIM: GKP) announces it received notification that on 28 September 2010 Mr Todd Kozel, Chairman and Chief Executive Officer, transferred at nil cost to Ashley Kozel 2,050,000 common shares in the Company.

Following this transfer Mr Todd Kozel is interested in 3,701,115 common shares in the Company and 3,000,000 options over common shares under the Company's Share Option Plan.   Additional bonus award shares and long term incentive performance share options may be awarded to Mr Todd Kozel through the Gulf Keystone Employee Benefit Trust at the discretion of the Trustee. Mr Todd Kozel is also a shareholder in Gulf Keystone Petroleum Company LLC which owns 40,000,000 common shares in the Company.

In addition, the Company was notified that Mr Ewen Ainsworth, an executive director of the Company, on 28 September 2010 executed by Deed a Declaration of Trust to transfer at nil cost the beneficial ownership of 50,000 common shares in the Company to his wife Mrs Angela Ainsworth. 

Following this transfer of beneficial ownership Mr Ewen Ainsworth is interested in 538,414 common shares in the Company and 1,000,000 options over common shares under the Company's Share Option Plan. Additional bonus award shares and long term incentive performance share options may be awarded to Mr Ewen Ainsworth through the Gulf Keystone Employee Benefit Trust at the discretion of the Trustee.

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
Brunswick Group LLP	[phone]
Patrick Handley / Pip Green

or visit: www.gulfkeystone.com

Notes to Editors:

§  Gulf Keystone Petroleum Ltd. (AIM: GKP) is an independent oil and gas exploration company focused on exploration in the Kurdistan region of Northern Iraq.

§  Gulf Keystone Petroleum International ("GKPI") holds Production Sharing Contracts for fourexploration blocks in Kurdistan.

§  The Company's shares have traded on the AIM market since listing on 8 Sept 2004.

§  Gulf Keystone Petroleum Limited is registered in Hamilton, Bermuda with offices in Erbil, Kurdistan, Algiers, Algeria and London, UK.

Not for release, publication or distribution, directly or indirectly, in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

 

END

 

 

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