Transaction in Own Shares

RNS Number : 8420F
Gulf Keystone Petroleum Ltd.
11 March 2020
 

 


11 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 1 March 2020


Number of common shares purchased

29 2,308


Highest price paid per common share

103.60 pence


Lowest price paid per common shares

99.10 pence


Volume weighted average price per common share

101.81 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 10,339,628 common shares for a total value of $24.36 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 210,943,118 common shares plus 18,486,448 common shares held in Treasury.

The above figure of 210,943,118 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

2,189

99.1

08:12:07

London Stock Exchange

2,811

99.1

08:12:30

London Stock Exchange

981

99.2

08:19:21

London Stock Exchange

4,019

99.2

08:19:41

London Stock Exchange

3,021

99.2

08:19:41

London Stock Exchange

2,129

99.2

08:19:45

London Stock Exchange

3,557

101.0

08:26:25

London Stock Exchange

241

101.0

08:26:25

London Stock Exchange

349

101.0

08:26:25

London Stock Exchange

88

101.0

08:26:25

London Stock Exchange

127

101.0

08:26:25

London Stock Exchange

2,389

101.0

08:27:26

London Stock Exchange

742

103.6

08:55:44

London Stock Exchange

4,258

103.6

08:55:44

London Stock Exchange

4,658

103.6

08:55:44

London Stock Exchange

167

103.6

08:55:44

London Stock Exchange

175

103.6

08:59:48

London Stock Exchange

718

103.6

08:59:48

London Stock Exchange

718

103.6

08:59:48

London Stock Exchange

1,663

103.6

08:59:48

London Stock Exchange

658

102.8

09:06:19

London Stock Exchange

1,683

102.8

09:06:19

London Stock Exchange

3,200

102.8

09:06:19

London Stock Exchange

952

102.8

09:06:19

London Stock Exchange

2,232

102.8

09:06:19

London Stock Exchange

1,015

102.8

09:06:31

London Stock Exchange

260

102.8

09:12:09

London Stock Exchange

1,027

102.2

09:19:18

London Stock Exchange

3,973

102.2

09:19:18

London Stock Exchange

5,395

102.2

09:19:18

London Stock Exchange

5,000

102.2

09:19:18

London Stock Exchange

83

102.2

09:19:18

London Stock Exchange

1,468

102.2

09:19:18

London Stock Exchange

3,532

102.2

09:21:30

London Stock Exchange

686

102.2

09:21:30

London Stock Exchange

1,382

102.2

09:21:30

London Stock Exchange

1,386

102.2

09:21:30

London Stock Exchange

1,068

102.2

09:21:30

London Stock Exchange

1,253

102.2

10:24:26

London Stock Exchange

1,192

102.2

10:24:26

London Stock Exchange

2,555

102.2

10:28:50

London Stock Exchange

453

102.2

10:28:50

London Stock Exchange

100,000

102.4

10:31:10

London Stock Exchange

142

101.0

11:25:28

London Stock Exchange

3,956

101.0

11:29:02

London Stock Exchange

196

101.0

11:29:02

London Stock Exchange

706

101.0

11:29:02

London Stock Exchange

70

101.0

11:29:02

London Stock Exchange

5,000

101.0

11:29:02

London Stock Exchange

3,446

101.0

11:29:02

London Stock Exchange

1,554

101.0

11:29:02

London Stock Exchange

1,698

101.0

11:29:02

London Stock Exchange

369

101.0

11:29:02

London Stock Exchange

2,933

101.0

11:29:02

London Stock Exchange

4,930

101.0

11:29:02

London Stock Exchange

91,855

101.4

12:41:32

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.


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