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.


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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