Transaction in Own Shares

RNS Number : 3484F
Gulf Keystone Petroleum Ltd.
06 March 2020
 

 


06 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

06 March 2020


Number of common shares purchased

244,000


Highest price paid per common share

139.80 pence


Lowest price paid per common shares

136.60 pence


Volume weighted average price per common share

137.54 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 9,540,667 common shares for a total value of $23.26 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 211,742,079 common shares plus 17,687,487 common shares held in Treasury.

The above figure of 211,742,079 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

 2,500

139.20

08:05:30

London Stock Exchange

 794

139.00

08:05:30

London Stock Exchange

 2,117

139.00

08:05:30

London Stock Exchange

 5,000

139.80

08:08:07

London Stock Exchange

 4,516

139.80

08:09:51

London Stock Exchange

 484

139.80

08:09:51

London Stock Exchange

 357

139.80

08:11:50

London Stock Exchange

 4,643

139.80

08:11:50

London Stock Exchange

 997

139.80

08:11:50

London Stock Exchange

 720

139.80

08:11:50

London Stock Exchange

 2,872

139.80

08:11:50

London Stock Exchange

 1,735

139.00

08:21:37

London Stock Exchange

 169

139.00

08:25:08

London Stock Exchange

 3,096

139.00

08:25:08

London Stock Exchange

 4,483

139.00

08:25:08

London Stock Exchange

 229

139.00

08:25:47

London Stock Exchange

 221

139.00

08:26:47

London Stock Exchange

 67

139.00

08:28:12

London Stock Exchange

 1,333

139.00

08:28:12

London Stock Exchange

 152

139.00

08:28:31

London Stock Exchange

 136

139.00

08:28:42

London Stock Exchange

 194

139.00

08:30:01

London Stock Exchange

 1,930

139.00

08:30:14

London Stock Exchange

 160

139.00

08:30:16

London Stock Exchange

 2,428

139.00

08:30:16

London Stock Exchange

 935

139.00

08:30:16

London Stock Exchange

 1,679

139.00

08:30:31

London Stock Exchange

 1,889

139.00

08:30:35

London Stock Exchange

 450

139.00

08:30:35

London Stock Exchange

 47

139.00

08:30:35

London Stock Exchange

 47

139.00

08:30:35

London Stock Exchange

 1,000

139.00

08:30:35

London Stock Exchange

 122

139.00

08:30:36

London Stock Exchange

 980

139.00

08:30:36

London Stock Exchange

 361

139.00

08:30:52

London Stock Exchange

 34

139.00

08:31:02

London Stock Exchange

 286

139.00

08:31:02

London Stock Exchange

 199

139.00

08:31:02

London Stock Exchange

 8

139.00

08:31:03

London Stock Exchange

 152

139.00

08:31:03

London Stock Exchange

 315

139.00

08:31:03

London Stock Exchange

 163

139.00

08:31:10

London Stock Exchange

 230

137.20

08:50:26

London Stock Exchange

 2,200

137.20

08:50:26

London Stock Exchange

 2,570

137.20

08:50:26

London Stock Exchange

 124

137.20

08:51:02

London Stock Exchange

 1,248

137.20

08:51:02

London Stock Exchange

 146

137.20

08:51:30

London Stock Exchange

 3,482

137.20

08:51:30

London Stock Exchange

 784

137.20

08:51:31

London Stock Exchange

 218

137.20

08:52:02

London Stock Exchange

 145

137.20

08:52:29

London Stock Exchange

 210

137.20

08:52:32

London Stock Exchange

 3,602

138.40

09:36:06

London Stock Exchange

 1,398

138.40

09:36:06

London Stock Exchange

 160

138.40

09:36:06

London Stock Exchange

 1,714

138.40

09:36:06

London Stock Exchange

 1,714

138.40

09:36:06

London Stock Exchange

 1,412

138.40

09:36:06

London Stock Exchange

 14

138.40

09:36:06

London Stock Exchange

 288

138.40

09:36:06

London Stock Exchange

 806

138.40

09:36:06

London Stock Exchange

 1,841

138.40

09:36:10

London Stock Exchange

 694

138.40

09:36:10

London Stock Exchange

 1,111

136.60

10:14:17

London Stock Exchange

 1,111

136.60

10:14:17

London Stock Exchange

 1,111

136.60

10:14:17

London Stock Exchange

 1,111

136.60

10:14:17

London Stock Exchange

 1,111

136.60

10:14:17

London Stock Exchange

 1,111

136.60

10:29:59

London Stock Exchange

 1,111

136.60

10:37:13

London Stock Exchange

 1,111

136.60

10:52:50

London Stock Exchange

 1,111

136.60

10:52:50

London Stock Exchange

 1,111

136.60

10:52:50

London Stock Exchange

 1,111

136.60

10:52:50

London Stock Exchange

 1,111

136.60

10:52:50

London Stock Exchange

 292

136.60

10:52:50

London Stock Exchange

 819

136.60

10:52:50

London Stock Exchange

 33

136.60

10:52:50

London Stock Exchange

 1,078

136.60

10:52:50

London Stock Exchange

 1,111

136.60

10:53:15

London Stock Exchange

 83

136.60

10:53:15

London Stock Exchange

 1,028

136.60

10:53:19

London Stock Exchange

 570

136.60

10:53:19

London Stock Exchange

 459

136.60

10:53:19

London Stock Exchange

 82

136.60

10:53:50

London Stock Exchange

 1,111

136.60

10:53:51

London Stock Exchange

 1,111

136.60

10:53:51

London Stock Exchange

 39

136.60

10:53:51

London Stock Exchange

 1

136.60

10:53:51

London Stock Exchange

 1,071

136.60

10:53:56

London Stock Exchange

 1,111

136.60

10:54:27

London Stock Exchange

 1,111

136.60

10:54:27

London Stock Exchange

 558

136.60

10:54:27

London Stock Exchange

 10,000

136.80

11:17:08

London Stock Exchange

 639

136.80

11:17:18

London Stock Exchange

 1,500

136.80

11:17:18

London Stock Exchange

 684

136.80

11:17:18

London Stock Exchange

 3,061

136.80

11:17:18

London Stock Exchange

 38

136.80

11:17:18

London Stock Exchange

 4,078

136.80

11:23:50

London Stock Exchange

 1,785

136.60

12:30:09

London Stock Exchange

 3,215

136.60

12:30:09

London Stock Exchange

 811

136.60

12:30:09

London Stock Exchange

 3,200

136.60

12:30:09

London Stock Exchange

 989

136.60

12:30:09

London Stock Exchange

 3,411

136.60

12:30:09

London Stock Exchange

 1,600

136.60

12:30:09

London Stock Exchange

 491

136.60

12:30:09

London Stock Exchange

 1,000

136.60

12:30:09

London Stock Exchange

 1,909

136.60

12:30:09

London Stock Exchange

 1,000

136.60

12:30:09

London Stock Exchange

 1,000

136.60

12:30:09

London Stock Exchange

 3,000

136.60

12:31:09

London Stock Exchange

 467

136.60

12:31:09

London Stock Exchange

 388

136.60

12:31:09

London Stock Exchange

 734

136.60

12:31:19

London Stock Exchange

 3,142

136.60

12:50:27

London Stock Exchange

 1,858

136.60

12:50:27

London Stock Exchange

 1,000

137.40

13:51:16

London Stock Exchange

 4,000

137.40

13:51:16

London Stock Exchange

 4,000

137.40

13:51:16

London Stock Exchange

 1,000

137.40

13:51:16

London Stock Exchange

 3,000

137.40

13:51:16

London Stock Exchange

 2,341

137.40

13:51:16

London Stock Exchange

 1,000

137.40

13:51:16

London Stock Exchange

 1,659

137.40

13:51:37

London Stock Exchange

 1,000

137.40

13:51:37

London Stock Exchange

 1,000

137.40

13:51:37

London Stock Exchange

 5,000

136.60

14:14:55

London Stock Exchange

 1,511

136.60

14:14:55

London Stock Exchange

 1,511

136.60

14:14:55

London Stock Exchange

 1,511

136.60

14:14:55

London Stock Exchange

 467

136.60

14:14:55

London Stock Exchange

 1,044

136.60

14:14:55

London Stock Exchange

 1,600

136.60

14:14:55

London Stock Exchange

 3,400

136.60

14:14:55

London Stock Exchange

 1,600

136.60

14:14:55

London Stock Exchange

 5,000

136.60

14:16:10

London Stock Exchange

 1,356

136.60

14:16:10

London Stock Exchange

 5,000

137.60

14:52:01

London Stock Exchange

 1,165

137.60

14:52:01

London Stock Exchange

 503

137.60

14:52:01

London Stock Exchange

 503

137.60

14:52:01

London Stock Exchange

 169

137.60

14:52:01

London Stock Exchange

 692

137.60

14:52:01

London Stock Exchange

 8

137.60

14:52:01

London Stock Exchange

 1,960

137.60

14:52:01

London Stock Exchange

 8

137.60

14:52:01

London Stock Exchange

 542

137.60

14:52:01

London Stock Exchange

 4,458

137.60

14:52:28

London Stock Exchange

 542

137.60

14:52:28

London Stock Exchange

 367

137.60

14:53:30

London Stock Exchange

 4,633

137.60

14:53:30

London Stock Exchange

 4,450

137.60

14:53:30

London Stock Exchange

 5,000

137.00

15:18:13

London Stock Exchange

 1,043

137.00

15:18:13

London Stock Exchange

 4,282

137.00

15:23:29

London Stock Exchange

 718

137.00

15:23:29

London Stock Exchange

 2,579

137.00

15:23:29

London Stock Exchange

 642

137.60

16:00:23

London Stock Exchange

 3,687

137.60

16:00:23

London Stock Exchange

 61

137.60

16:00:23

London Stock Exchange

 610

137.60

16:00:23

London Stock Exchange

 61

137.60

16:00:23

London Stock Exchange

 610

137.60

16:00:23

London Stock Exchange

 593

137.60

16:02:37

London Stock Exchange

 3,797

137.60

16:02:37

London Stock Exchange

 1,317

137.60

16:02:37

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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