Transaction in Own Shares

RNS Number : 6769F

Gulf Keystone Petroleum Ltd.

10 March 2020

 

10 March 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	1 0 March 2020
Number of common shares purchased	262,766
Highest price paid per common share	106.40 pence
Lowest price paid per common shares	104.20 pence
Volume weighted average price per common share	105.44 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. The initial amount of $15 million of the programme has been completed. Further to the announcement on 21 January 2020, purchases of the final amount of $10 million has commenced. Under the programme, the Company has purchased 10,047,320 common shares for a total value of $23.97 million to date.

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 211,235,426 common shares plus 18,194,140 common shares held in Treasury.

The above figure of 211,235,426 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
3,795	106.4	08:11:48	London Stock Exchange
1,205	106.4	08:13:22	London Stock Exchange
1,250	106.4	08:13:22	London Stock Exchange
3,750	106.4	08:15:23	London Stock Exchange
5,000	106.4	08:15:23	London Stock Exchange
2,410	106.4	08:15:33	London Stock Exchange
2,590	106.4	08:15:33	London Stock Exchange
4,590	106.4	08:15:33	London Stock Exchange
410	106.4	08:16:15	London Stock Exchange
5,000	106.0	08:18:43	London Stock Exchange
5,471	106.0	08:18:43	London Stock Exchange
5,000	106.0	08:19:30	London Stock Exchange
5,000	106.0	08:19:30	London Stock Exchange
3,546	106.0	08:19:30	London Stock Exchange
983	106.0	08:19:40	London Stock Exchange
3,600	106.0	08:39:29	London Stock Exchange
1,000	106.0	08:50:39	London Stock Exchange
1,000	106.0	08:50:39	London Stock Exchange
1,000	106.0	08:50:39	London Stock Exchange
77	106.0	08:50:39	London Stock Exchange
1,000	106.0	08:50:39	London Stock Exchange
437	106.0	08:50:39	London Stock Exchange
486	106.0	08:50:39	London Stock Exchange
4,885	106.0	08:50:44	London Stock Exchange
115	106.0	08:50:45	London Stock Exchange
111	106.0	08:50:45	London Stock Exchange
1,000	106.0	08:52:22	London Stock Exchange
4,000	106.0	08:52:22	London Stock Exchange
51	106.0	08:52:22	London Stock Exchange
4,949	106.0	08:52:22	London Stock Exchange
991	106.0	09:06:52	London Stock Exchange
237	106.0	09:06:52	London Stock Exchange
963	106.0	09:06:52	London Stock Exchange
2,698	106.0	09:06:52	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
4,000	105.2	09:10:59	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
1,000	105.2	09:10:59	London Stock Exchange
1,600	105.2	09:15:41	London Stock Exchange
1,898	105.2	09:15:41	London Stock Exchange
1,502	105.2	09:15:41	London Stock Exchange
1,946	105.2	09:15:41	London Stock Exchange
1,000	105.2	09:15:41	London Stock Exchange
1,000	105.2	09:15:42	London Stock Exchange
1,054	105.2	09:15:42	London Stock Exchange
5,000	105.2	09:15:42	London Stock Exchange
814	105.4	10:14:12	London Stock Exchange
4,186	105.4	10:14:12	London Stock Exchange
5,000	105.4	10:14:12	London Stock Exchange
1,618	105.4	10:14:12	London Stock Exchange
2,655	105.4	10:14:12	London Stock Exchange
2,345	105.4	10:14:12	London Stock Exchange
2,055	105.4	10:14:12	London Stock Exchange
600	105.4	10:14:12	London Stock Exchange
1,000	105.4	10:14:12	London Stock Exchange
3,400	105.4	10:14:12	London Stock Exchange
1,000	105.4	10:14:12	London Stock Exchange
327	105.4	10:14:12	London Stock Exchange
591	105.6	10:22:03	London Stock Exchange
4,409	105.6	10:22:03	London Stock Exchange
1,000	105.6	10:22:03	London Stock Exchange
1,000	105.6	10:22:03	London Stock Exchange
1,339	105.6	10:22:06	London Stock Exchange
1,000	105.6	10:22:06	London Stock Exchange
661	105.6	10:22:09	London Stock Exchange
4,724	106.4	10:56:36	London Stock Exchange
276	106.4	10:56:36	London Stock Exchange
270	106.4	10:59:05	London Stock Exchange
1,000	106.4	10:59:05	London Stock Exchange
1,270	106.4	11:00:03	London Stock Exchange
654	106.4	11:00:03	London Stock Exchange
662	106.4	11:00:03	London Stock Exchange
1,144	106.4	11:00:03	London Stock Exchange
1,781	106.4	11:00:03	London Stock Exchange
1,000	106.4	11:00:03	London Stock Exchange
1,000	106.4	11:00:03	London Stock Exchange
1,000	106.4	11:00:03	London Stock Exchange
219	106.4	11:00:04	London Stock Exchange
680	105.6	11:27:50	London Stock Exchange
4,320	105.6	11:27:50	London Stock Exchange
4,320	105.6	11:27:50	London Stock Exchange
680	105.6	11:27:50	London Stock Exchange
4,320	105.6	11:27:50	London Stock Exchange
1,000	105.6	11:27:50	London Stock Exchange
2,200	105.6	11:27:50	London Stock Exchange
1,800	105.6	11:27:50	London Stock Exchange
2,800	105.6	11:27:50	London Stock Exchange
2,200	105.6	11:27:50	London Stock Exchange
680	105.6	11:27:50	London Stock Exchange
5,000	105.2	11:35:04	London Stock Exchange
877	105.0	11:36:31	London Stock Exchange
4,123	105.0	11:36:31	London Stock Exchange
877	105.0	11:36:31	London Stock Exchange
1,000	105.0	11:36:31	London Stock Exchange
1,000	105.0	11:36:31	London Stock Exchange
1,000	105.0	11:36:31	London Stock Exchange
2,076	105.2	11:58:30	London Stock Exchange
2,924	105.2	11:58:30	London Stock Exchange
1,000	105.2	11:58:30	London Stock Exchange
1,221	105.2	11:59:50	London Stock Exchange
703	105.2	11:59:52	London Stock Exchange
1,000	105.2	11:59:52	London Stock Exchange
1,076	105.2	11:59:55	London Stock Exchange
3,134	105.2	11:59:55	London Stock Exchange
201	105.0	12:02:05	London Stock Exchange
202	105.0	12:02:05	London Stock Exchange
3	105.0	12:02:05	London Stock Exchange
335	105.0	12:02:05	London Stock Exchange
87	105.0	12:02:05	London Stock Exchange
2,161	105.0	12:02:05	London Stock Exchange
5,000	104.2	12:46:08	London Stock Exchange
136	104.2	12:46:08	London Stock Exchange
136	104.2	12:46:08	London Stock Exchange
4,728	104.2	12:46:08	London Stock Exchange
272	104.2	12:46:08	London Stock Exchange
4,864	104.2	12:46:08	London Stock Exchange
136	104.2	12:46:08	London Stock Exchange
1,165	104.2	12:46:08	London Stock Exchange
5,000	104.2	12:46:08	London Stock Exchange
573	105.4	13:06:00	London Stock Exchange
496	105.4	13:08:00	London Stock Exchange
93	105.4	13:08:00	London Stock Exchange
2,401	105.4	13:08:00	London Stock Exchange
209	104.4	13:36:50	London Stock Exchange
3,090	104.4	13:36:50	London Stock Exchange
1,701	104.4	13:36:50	London Stock Exchange
3,090	104.4	13:36:50	London Stock Exchange
394	104.4	13:36:50	London Stock Exchange
489	104.4	13:36:50	London Stock Exchange
1,000	104.4	13:36:50	London Stock Exchange
1,000	104.4	13:36:50	London Stock Exchange
2,117	104.4	13:36:50	London Stock Exchange
1,000	104.4	13:42:33	London Stock Exchange
963	104.4	13:42:33	London Stock Exchange
222	104.4	13:42:33	London Stock Exchange
50	104.4	13:42:33	London Stock Exchange
2,765	104.4	13:42:33	London Stock Exchange
635	104.4	13:42:33	London Stock Exchange
1,000	104.4	13:42:33	London Stock Exchange
3,365	104.4	13:42:33	London Stock Exchange
1,000	104.4	13:42:33	London Stock Exchange
1,335	104.4	13:42:35	London Stock Exchange
2,020	104.4	13:42:43	London Stock Exchange
1,000	104.4	13:42:43	London Stock Exchange
645	104.4	13:42:43	London Stock Exchange
76	104.4	13:42:46	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

 

 

POSDBLFFBXLBBBZ