Transaction in Own Shares

RNS Number : 7908A
Gulf Keystone Petroleum Ltd.
23 January 2020
 

 


23 January 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

23 January 2020

Number of common shares purchased

105,011

Highest price paid per common share

196.4 pence

Lowest price paid per common shares

196.0 pence

Volume weighted average price per common share

196.1 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 with the first stage of the programme being for an initial amount of $15 million. Under the programme, the Company has purchased 4,038,441 common shares for a total value of $10.83 million.

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 and the transfer of 1,000 shares from treasury to satisfy share option scheme awards, the Company's issued share capital consists of 217,244,305 common shares plus 12,185,261 common shares held in Treasury.

The above figure of 217,244,305 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

1,253

196.4

09:10:57

London Stock Exchange

1,128

196.4

09:10:57

London Stock Exchange

52

196.4

09:10:57

London Stock Exchange

279

196.4

09:10:57

London Stock Exchange

71

196.4

09:10:57

London Stock Exchange

81

196.4

09:10:57

London Stock Exchange

399

196.4

09:10:57

London Stock Exchange

3,635

196.4

09:10:57

London Stock Exchange

349

196.4

09:10:58

London Stock Exchange

895

196.4

09:15:40

London Stock Exchange

113

196.4

09:43:13

London Stock Exchange

475

196.4

09:43:13

London Stock Exchange

3,723

196.4

09:43:13

London Stock Exchange

462

196.4

09:45:02

London Stock Exchange

462

196.4

09:45:02

London Stock Exchange

475

196.4

09:45:02

London Stock Exchange

462

196.4

09:45:02

London Stock Exchange

3,559

196.4

09:45:02

London Stock Exchange

903

196.4

09:45:02

London Stock Exchange

669

196.4

09:45:02

London Stock Exchange

5,555

196.4

09:45:02

London Stock Exchange

70

196.0

10:38:34

London Stock Exchange

434

196.0

10:38:34

London Stock Exchange

434

196.0

10:38:34

London Stock Exchange

446

196.0

10:38:34

London Stock Exchange

446

196.0

10:38:34

London Stock Exchange

434

196.0

10:38:34

London Stock Exchange

434

196.0

10:38:34

London Stock Exchange

446

196.0

10:38:34

London Stock Exchange

2,497

196.0

10:38:34

London Stock Exchange

2,490

196.0

10:38:34

London Stock Exchange

1,852

196.0

10:38:34

London Stock Exchange

17

196.0

10:38:34

London Stock Exchange

17

196.0

10:38:34

London Stock Exchange

1,000

196.0

10:39:38

London Stock Exchange

334

196.0

10:43:07

London Stock Exchange

17

196.0

10:43:07

London Stock Exchange

429

196.0

10:43:07

London Stock Exchange

434

196.0

10:43:07

London Stock Exchange

429

196.0

10:43:07

London Stock Exchange

417

196.0

10:43:07

London Stock Exchange

775

196.0

10:43:07

London Stock Exchange

1,110

196.0

10:43:07

London Stock Exchange

172

196.0

10:46:43

London Stock Exchange

446

196.0

10:46:43

London Stock Exchange

446

196.0

10:46:43

London Stock Exchange

446

196.0

10:46:43

London Stock Exchange

446

196.0

10:46:43

London Stock Exchange

3,232

196.0

10:46:43

London Stock Exchange

2,934

196.0

10:46:43

London Stock Exchange

413

196.0

10:46:43

London Stock Exchange

434

196.0

10:46:43

London Stock Exchange

434

196.0

10:46:43

London Stock Exchange

434

196.0

10:46:43

London Stock Exchange

201

196.0

10:46:43

London Stock Exchange

293

196.0

11:46:57

London Stock Exchange

707

196.0

11:46:57

London Stock Exchange

422

196.0

11:46:57

London Stock Exchange

427

196.0

11:46:57

London Stock Exchange

387

196.0

11:46:57

London Stock Exchange

433

196.0

11:46:57

London Stock Exchange

293

196.0

11:46:57

London Stock Exchange

69

196.0

11:46:57

London Stock Exchange

433

196.0

11:46:57

London Stock Exchange

433

196.0

11:46:57

London Stock Exchange

93

196.0

11:46:57

London Stock Exchange

95

196.0

11:46:57

London Stock Exchange

446

196.0

11:46:57

London Stock Exchange

446

196.0

11:46:57

London Stock Exchange

54

196.0

11:46:57

London Stock Exchange

340

196.0

11:46:57

London Stock Exchange

351

196.0

11:46:57

London Stock Exchange

3,332

196.0

11:46:57

London Stock Exchange

909

196.0

11:46:57

London Stock Exchange

458

196.0

11:46:57

London Stock Exchange

2,321

196.0

11:46:57

London Stock Exchange

1,102

196.0

11:46:57

London Stock Exchange

3,332

196.0

11:46:57

London Stock Exchange

1,000

196.0

11:46:57

London Stock Exchange

1,887

196.0

11:51:10

London Stock Exchange

326

196.0

11:59:00

London Stock Exchange

11

196.0

11:59:00

London Stock Exchange

3

196.0

12:02:28

London Stock Exchange

3

196.0

12:02:28

London Stock Exchange

1

196.0

12:02:28

London Stock Exchange

58

196.0

12:02:28

London Stock Exchange

377

196.0

12:12:30

London Stock Exchange

1,677

196.0

12:12:30

London Stock Exchange

2,093

196.0

12:12:30

London Stock Exchange

388

196.0

12:12:30

London Stock Exchange

500

196.0

14:35:00

London Stock Exchange

487

196.0

14:35:00

London Stock Exchange

1,056

196.0

14:35:00

London Stock Exchange

2,200

196.0

14:35:00

London Stock Exchange

1,612

196.0

14:35:00

London Stock Exchange

4,816

196.0

14:35:00

London Stock Exchange

52

196.0

14:35:00

London Stock Exchange

3,221

196.0

14:35:00

London Stock Exchange

147

196.0

14:38:34

London Stock Exchange

1,647

196.0

14:38:34

London Stock Exchange

1,209

196.0

14:40:01

London Stock Exchange

487

196.0

14:40:01

London Stock Exchange

500

196.0

14:40:01

London Stock Exchange

3,571

196.0

14:45:02

London Stock Exchange

1,000

196.0

14:45:02

London Stock Exchange

1,000

196.0

14:45:33

London Stock Exchange

284

196.0

14:45:34

London Stock Exchange

1,000

196.0

14:45:34

London Stock Exchange

211

196.0

14:45:40

London Stock Exchange

1,232

196.0

15:25:17

London Stock Exchange

2,043

196.0

15:32:11

London Stock Exchange

882

196.0

15:36:21

London Stock Exchange

427

196.0

16:21:21

London Stock Exchange

427

196.0

16:27:45

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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