Transaction in Own Shares

RNS Number : 0089G
Gulf Keystone Petroleum Ltd.
12 March 2020
 

 


12 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 2 March 2020


Number of common shares purchased

312,616


Highest price paid per common share

92.90 pence


Lowest price paid per common shares

88.10 pence


Volume weighted average price per common share

89.75 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 10,652,244 common shares for a total value of $24.71 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 210,630,502 common shares plus 18,799,064 common shares held in Treasury.

The above figure of 210,630,502 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

1,831

91.0

08:30:26

London Stock Exchange

238

92.9

09:03:56

London Stock Exchange

238

92.9

09:05:18

London Stock Exchange

4,762

92.9

09:05:18

London Stock Exchange

2,670

92.9

09:05:18

London Stock Exchange

2,330

92.9

09:05:18

London Stock Exchange

2,330

92.9

09:05:18

London Stock Exchange

32

92.9

09:07:26

London Stock Exchange

1,039

92.9

09:08:34

London Stock Exchange

1,039

92.9

09:08:34

London Stock Exchange

1,599

92.9

09:08:34

London Stock Exchange

570

92.9

09:08:49

London Stock Exchange

3,008

92.9

09:08:49

London Stock Exchange

719

92.9

09:08:49

London Stock Exchange

703

92.9

09:08:49

London Stock Exchange

703

92.9

09:08:49

London Stock Exchange

1,189

92.9

09:09:04

London Stock Exchange

2,301

92.5

09:53:32

London Stock Exchange

2,699

92.5

09:53:32

London Stock Exchange

1,612

92.5

09:59:01

London Stock Exchange

3,388

92.5

09:59:01

London Stock Exchange

1,332

92.5

09:59:01

London Stock Exchange

1,830

92.5

09:59:01

London Stock Exchange

1,116

92.5

09:59:01

London Stock Exchange

1,838

92.5

09:59:01

London Stock Exchange

299

92.5

10:00:05

London Stock Exchange

830

92.5

10:00:05

London Stock Exchange

691

92.5

10:00:05

London Stock Exchange

1,293

92.5

10:00:05

London Stock Exchange

1,887

92.5

10:00:05

London Stock Exchange

1,887

92.5

10:00:05

London Stock Exchange

1,997

92.5

10:00:05

London Stock Exchange

300

91.1

11:30:34

London Stock Exchange

3,682

91.1

11:30:34

London Stock Exchange

35

91.1

11:30:34

London Stock Exchange

3,417

91.1

11:30:34

London Stock Exchange

983

91.1

11:30:34

London Stock Exchange

300

91.1

11:30:34

London Stock Exchange

300

91.1

11:30:34

London Stock Exchange

300

91.1

11:30:34

London Stock Exchange

1,018

91.1

11:30:34

London Stock Exchange

839

91.1

11:30:34

London Stock Exchange

983

91.1

11:30:34

London Stock Exchange

1,492

91.1

11:30:34

London Stock Exchange

1,260

91.1

11:30:34

London Stock Exchange

2,243

91.1

11:30:34

London Stock Exchange

2,499

91.1

11:30:34

London Stock Exchange

258

91.1

11:30:34

London Stock Exchange

2,606

91.1

11:30:45

London Stock Exchange

694

91.1

11:30:45

London Stock Exchange

2,190

92.1

12:32:01

London Stock Exchange

1,118

92.1

12:34:40

London Stock Exchange

1,692

92.1

12:34:40

London Stock Exchange

863

92.1

12:34:40

London Stock Exchange

1,303

92.1

12:34:40

London Stock Exchange

563

92.1

12:36:00

London Stock Exchange

602

92.1

12:36:04

London Stock Exchange

1,669

92.1

12:36:04

London Stock Exchange

1,318

92.1

12:36:04

London Stock Exchange

351

92.1

12:36:04

London Stock Exchange

351

92.1

12:36:04

London Stock Exchange

2,847

92.1

12:36:04

London Stock Exchange

2,197

92.1

12:37:49

London Stock Exchange

133

92.1

12:37:49

London Stock Exchange

575

92.1

12:37:49

London Stock Exchange

3,483

92.1

12:40:01

London Stock Exchange

536

92.1

12:40:06

London Stock Exchange

2,200

91.9

12:43:59

London Stock Exchange

2,800

91.9

12:43:59

London Stock Exchange

2,800

91.9

12:43:59

London Stock Exchange

600

91.9

12:43:59

London Stock Exchange

2,200

91.9

12:43:59

London Stock Exchange

2,800

91.9

12:43:59

London Stock Exchange

392

91.9

12:43:59

London Stock Exchange

2,200

91.9

12:43:59

London Stock Exchange

2,677

91.9

12:43:59

London Stock Exchange

1,600

91.9

12:45:20

London Stock Exchange

723

91.9

12:45:20

London Stock Exchange

723

91.9

12:45:20

London Stock Exchange

723

91.9

12:45:20

London Stock Exchange

723

91.9

12:45:20

London Stock Exchange

723

91.9

12:45:20

London Stock Exchange

679

91.9

12:45:20

London Stock Exchange

151

91.9

12:45:25

London Stock Exchange

135

91.9

12:45:25

London Stock Exchange

151

91.9

12:45:25

London Stock Exchange

5,000

89.0

13:25:04

London Stock Exchange

241

89.0

13:25:04

London Stock Exchange

1,094

89.0

13:25:04

London Stock Exchange

1,400

89.0

13:25:04

London Stock Exchange

1,335

89.0

13:25:04

London Stock Exchange

2,265

89.0

13:25:04

London Stock Exchange

5,000

89.0

13:25:04

London Stock Exchange

2,997

89.0

13:25:04

London Stock Exchange

685

89.0

13:25:04

London Stock Exchange

2,003

89.0

13:25:04

London Stock Exchange

5,000

89.0

13:26:09

London Stock Exchange

542

89.0

13:26:09

London Stock Exchange

2,620

89.0

13:27:09

London Stock Exchange

1,838

89.0

13:27:09

London Stock Exchange

277

89.0

13:27:09

London Stock Exchange

599

89.0

13:27:09

London Stock Exchange

2,528

89.0

13:27:22

London Stock Exchange

1,299

89.0

13:28:00

London Stock Exchange

479

89.0

13:28:00

London Stock Exchange

297

89.0

13:28:00

London Stock Exchange

2,501

89.0

13:28:00

London Stock Exchange

5,000

88.1

13:38:06

London Stock Exchange

2,812

88.1

13:38:06

London Stock Exchange

2,128

88.1

13:38:06

London Stock Exchange

2,752

88.1

13:38:06

London Stock Exchange

60

88.1

13:38:06

London Stock Exchange

2,720

88.1

13:38:06

London Stock Exchange

684

88.1

13:38:06

London Stock Exchange

1,596

88.1

13:38:47

London Stock Exchange

2,812

88.1

13:38:47

London Stock Exchange

162

88.1

13:38:47

London Stock Exchange

817

88.1

13:38:47

London Stock Exchange

2,026

88.1

13:38:47

London Stock Exchange

555

88.1

13:38:47

London Stock Exchange

748

88.1

13:38:47

London Stock Exchange

3,697

88.1

13:38:47

London Stock Exchange

386

88.1

13:38:47

London Stock Exchange

5,000

88.1

13:38:47

London Stock Exchange

558

88.1

13:38:48

London Stock Exchange

4,442

88.1

13:38:48

London Stock Exchange

1,678

88.1

13:39:13

London Stock Exchange

3,064

88.1

13:40:09

London Stock Exchange

258

88.1

13:41:10

London Stock Exchange

1,283

88.1

13:41:40

London Stock Exchange

1,045

88.1

13:41:40

London Stock Exchange

3,717

88.1

13:41:40

London Stock Exchange

102,616

88.1

13:59:25

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.
 
END
 
 
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