Transaction in Own Shares

RNS Number : 5071F

Gulf Keystone Petroleum Ltd.

09 March 2020

 

09 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	09 March 2020
Number of common shares purchased	243,887
Highest price paid per common share	116.00 pence
Lowest price paid per common shares	105.00 pence
Volume weighted average price per common share	109.91 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 9,784,554 common shares for a total value of $23.62 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 211,498,192 common shares plus 17,931,374 common shares held in Treasury.

The above figure of 211,498,192 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	105.2	08:39:10	London Stock Exchange
3,556	105.0	08:39:10	London Stock Exchange
1,500	105.2	08:39:10	London Stock Exchange
2,500	105.2	08:39:10	London Stock Exchange
2,464	105.0	08:39:10	London Stock Exchange
1,651	105.2	08:39:10	London Stock Exchange
467	105.2	08:39:10	London Stock Exchange
412	105.2	08:39:10	London Stock Exchange
510	105.2	08:42:23	London Stock Exchange
3,455	105.2	08:45:47	London Stock Exchange
4,490	105.2	08:45:47	London Stock Exchange
1,495	105.2	08:45:47	London Stock Exchange
188	105.0	08:59:53	London Stock Exchange
344	105.0	08:59:53	London Stock Exchange
25,000	106.8	09:12:41	London Stock Exchange
2,251	115.4	11:30:44	London Stock Exchange
2,749	115.4	11:33:49	London Stock Exchange
4,000	115.4	11:39:11	London Stock Exchange
1,000	115.4	11:39:11	London Stock Exchange
521	115.4	11:39:11	London Stock Exchange
1,361	116.0	12:33:09	London Stock Exchange
1,592	116.0	12:33:09	London Stock Exchange
1,592	116.0	12:33:09	London Stock Exchange
2,047	116.0	12:33:09	London Stock Exchange
3,200	116.0	12:33:09	London Stock Exchange
400	116.0	12:33:09	London Stock Exchange
1,800	116.0	12:33:09	London Stock Exchange
1,675	116.0	12:33:09	London Stock Exchange
280	116.0	12:33:09	London Stock Exchange
80	115.0	13:03:57	London Stock Exchange
958	115.0	13:03:57	London Stock Exchange
712	115.0	13:03:57	London Stock Exchange
506	115.0	13:03:57	London Stock Exchange
119	115.0	13:03:57	London Stock Exchange
240	115.0	13:03:57	London Stock Exchange
671	115.0	13:04:26	London Stock Exchange
5,452	115.0	13:04:54	London Stock Exchange
658	115.0	13:04:54	London Stock Exchange
604	115.0	13:04:54	London Stock Exchange
3,286	114.6	13:30:22	London Stock Exchange
251	114.6	13:30:22	London Stock Exchange
3,578	114.6	13:30:22	London Stock Exchange
712	114.6	13:30:22	London Stock Exchange
240	114.6	13:30:22	London Stock Exchange
658	114.6	13:30:22	London Stock Exchange
1,275	114.6	13:30:22	London Stock Exchange
658	113.0	14:36:39	London Stock Exchange
952	113.0	14:36:39	London Stock Exchange
1,275	113.0	14:36:39	London Stock Exchange
7,115	113.0	14:36:39	London Stock Exchange
5,000	111.4	14:43:57	London Stock Exchange
57	111.4	14:43:57	London Stock Exchange
355	111.4	14:43:57	London Stock Exchange
77	111.4	14:43:57	London Stock Exchange
1,483	111.4	14:43:59	London Stock Exchange
1,463	111.4	14:43:59	London Stock Exchange
112	111.4	14:43:59	London Stock Exchange
304	111.4	14:43:59	London Stock Exchange
37	111.4	14:43:59	London Stock Exchange
2,249	111.4	14:44:08	London Stock Exchange
1,112	111.4	14:44:08	London Stock Exchange
3,334	111.4	14:45:18	London Stock Exchange
1,666	111.4	14:45:18	London Stock Exchange
959	111.4	14:46:50	London Stock Exchange
25	111.4	14:46:58	London Stock Exchange
1,590	111.4	14:49:06	London Stock Exchange
4,016	111.4	14:49:06	London Stock Exchange
1,161	111.4	14:49:06	London Stock Exchange
2,784	110.4	14:55:13	London Stock Exchange
41	110.4	14:55:13	London Stock Exchange
4,400	110.8	15:16:42	London Stock Exchange
600	110.8	15:16:42	London Stock Exchange
600	110.8	15:16:42	London Stock Exchange
600	110.8	15:16:42	London Stock Exchange
600	110.8	15:16:42	London Stock Exchange
600	110.8	15:16:42	London Stock Exchange
536	110.8	15:18:16	London Stock Exchange
777	110.8	15:18:17	London Stock Exchange
1,038	110.8	15:18:20	London Stock Exchange
6	110.8	15:18:23	London Stock Exchange
249	110.8	15:18:23	London Stock Exchange
1,787	110.8	15:20:01	London Stock Exchange
2,200	110.8	15:20:01	London Stock Exchange
1,013	110.8	15:20:01	London Stock Exchange
1,009	110.8	15:21:38	London Stock Exchange
294	110.8	15:21:39	London Stock Exchange
667	110.8	15:21:58	London Stock Exchange
2,784	110.8	15:24:16	London Stock Exchange
93	110.8	15:24:16	London Stock Exchange
1,549	110.8	15:24:16	London Stock Exchange
932	110.8	15:24:16	London Stock Exchange
1,123	110.8	15:24:37	London Stock Exchange
1,000	110.8	15:24:37	London Stock Exchange
648	110.8	15:24:38	London Stock Exchange
1,297	110.8	15:24:38	London Stock Exchange
1,297	110.8	15:24:38	London Stock Exchange
773	110.8	15:24:38	London Stock Exchange
3,703	110.8	15:24:38	London Stock Exchange
4,591	107.7	15:35:39	London Stock Exchange
383	108.0	15:35:39	London Stock Exchange
910	108.0	15:35:39	London Stock Exchange
8,437	108.0	15:35:39	London Stock Exchange
35,889	107.7	15:35:39	London Stock Exchange
29	108.0	15:35:39	London Stock Exchange
2,500	108.8	15:36:06	London Stock Exchange
373	108.8	15:36:06	London Stock Exchange
860	108.8	15:36:06	London Stock Exchange
650	108.8	15:36:06	London Stock Exchange
5,000	108.8	15:36:06	London Stock Exchange
1,995	108.8	15:36:06	London Stock Exchange
55	108.8	15:36:06	London Stock Exchange
3,005	108.8	15:36:06	London Stock Exchange
3,005	108.8	15:36:06	London Stock Exchange
1,995	108.8	15:36:06	London Stock Exchange
1,995	108.8	15:36:06	London Stock Exchange
601	108.8	15:36:06	London Stock Exchange
2,404	108.8	15:36:09	London Stock Exchange
3,326	108.8	15:36:12	London Stock Exchange
884	108.8	15:36:12	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

 

 

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