Director / PDMR Shareholdings

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.

 

Name

Position

Share Option Scheme

Options exercised

Shares sold for tax

Shares retained

Average price per share of sale (£)

Date of sale

Further Shares purchased/(sold)

Price per share purchased/(sold) (£)

Date of purchase /sale

Shareholding post transaction

Shareholding percentage post transaction (%)

Ian Weatherdon

CFO

2014 LTIP

1,190,379

561,444

628,935

1.010295

27-09-2023

-

-

-

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

Total – G. Papineau-Legris

400,000**

0.18

Alasdair Robinson

CLO

2014 LTIP

342,766

168,546

174,220

1.010295

27-09-2023

(84,091)

1.012428

28-09-2023

Total – A. Robinson

150,000**

0.07

 

* 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:

 

Gulf Keystone:

+44 (0) 20 7514 1400  

Aaron Clark, Head of Investor Relations

& Corporate Communications

 

aclark@gulfkeystone.com

FTI Consulting

+44 (0) 20 3727 1000

Ben Brewerton

Nick Hennis

GKP@fticonsulting.com

 

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.

 

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Weatherdon

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

 

Initial notification/Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

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)

 

Description of the financial instrument, type of instrument

 

Identification code

Common shares of $1.00 each in Gulf Keystone Petroleum Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

  1. Exercise of 1,190,379 nil-cost options pursuant to 2014 LTIP (2020 award)

 

  1. Sale of 561,444 shares to cover tax liability 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0p

101.0295p

1,190,379

561,444

 

d)

Aggregated information

-

Aggregated volume

-

Price

-

Total

 

Price(s)

Volume(s)                     Total

0p

101.0295p

1,190,379                        £0

     561,444               £567,224.07

 

e)

Date of the transaction

27 September 2023

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Gabriel Papineau-Legris

2

Reason for the notification

a)

Position/status

Chief Commercial Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

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)

Description of the financial instrument, type of instrument

 

Identification code

Common shares of $1.00 each in Gulf Keystone Petroleum Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

  1. Exercise of 532,835 nil-cost options pursuant to 2014 LTIP (2020 award)

 

2.  Sale of 251,313 shares to cover tax liability

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0p

101.0295p

532,835

251,313

 

d)

Aggregated information

-

Aggregated volume

-

Price

-

Total

 

Price(s)

Volume(s)                     Total

0p

101.0295p

532,835                         £0

      251,313               £253,900.27

 

e)

Date of the transaction

27 September 2023

f)

Place of the transaction

London Stock Exchange

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alasdair Robinson

2

Reason for the notification

a)

Position/status

Chief Legal Officer

b)

 

Initial notification/Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

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)

 

Description of the financial instrument, type of instrument

 

Identification code

Common shares of $1.00 each in Gulf Keystone Petroleum Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

  1. Exercise of 342,766 Nil-cost options pursuant to 2014 LTIP (2020 award)

 

2.  Sale of 168,546 shares to cover tax liability 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0p

101.0295p

342,766

168,546

 

d)

Aggregated information

-

Aggregated volume

-

Price

-

Total

 

Price(s)

Volume(s)                     Total

0p

101.0295p

342,766                          £0

     168,546               £170,281.18

 

e)

Date of the transaction

27 September 2023

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Gabriel Papineau-Legris

2

Reason for the notification

a)

Position/status

Chief Commercial Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

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)

Description of the financial instrument, type of instrument

 

Identification code

Common shares of $1.00 each in Gulf Keystone Petroleum Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

1.  Purchase of 1,121 common shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

101.3593p

1,121

 

d)

Aggregated information

-

Aggregated volume

-

Price

-

Total

 

Price(s)

Volume(s)                     Total

101.3593p

      1,121                      £1,136.24

 

e)

Date of the transaction

28 September 2023

f)

Place of the transaction

London Stock Exchange

 

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alasdair Robinson

2

Reason for the notification

a)

Position/status

Chief Legal Officer

b)

 

Initial notification/Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

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)

 

Description of the financial instrument, type of instrument

 

Identification code

Common shares of $1.00 each in Gulf Keystone Petroleum Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

1.  Sale of 84,091 common shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

101.2428p

84,091

 

d)

Aggregated information

-

Aggregated volume

-

Price

-

Total

 

Price(s)

Volume(s)                     Total

101.2428p

     84,091                  £85,136.08

 

e)

Date of the transaction

28 September 2023

f)

Place of the transaction

London Stock Exchange

 

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: BMG4209G2077
Category Code: MSCH
TIDM: GKP
LEI Code: 213800QTAQOSSTNTPO15
Sequence No.: 275011
EQS News ID: 1738451

 
End of Announcement EQS News Service

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