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Gulf Keystone Petrol (GKP)

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Wednesday 04 August, 2021

Gulf Keystone Petrol

Long Term Incentive Plan ("LTIP") Award

RNS Number : 5908H
Gulf Keystone Petroleum Ltd.
04 August 2021
 

 

4 August 2021

 

 

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

 

Long Term Incentive Plan ("LTIP") Award

 

Gulf Keystone announces that, pursuant to the 2014 Gulf Keystone Long Term Incentive Plan, an award of 98,077 nil-cost options ("the Award") was granted on 2 August 2021 ("the Award Date") to Clare Kinahan following her appointment as HR Director. Clare replaces Jane Barker who will be retiring in September 2021.   

 

The quantum of options awarded was based on a price of 166.4p, being the closing mid-market price of the Company on 2 August 2021. The Award will vest in accordance with performance conditions on 2 August 2024, being the third anniversary from the Award Date.

 

 

Enquiries:

 

Gulf Keystone:

+44 (0) 20 7514 1400 

Aaron Clark, Head of Investor Relations

[email protected]



Celicourt Communications:

+44 (0) 20 8434 2754

Mark Antelme

Jimmy Lea

[email protected]

 

 

or visit: www.gulfkeystone.com  

 

This notification is made in accordance with the Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clare Kinahan

2

Reason for the notification

a)

Position/status

HR Director

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gulf Keystone Petroleum Limited

b)

LEI

213800QTAQOSSTNTPO15

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Identification code

Common shares of $1.00 each

 

 

ISIN:  BMG4209G2077

b)

Nature of the transaction

  Grant of nil cost award under the 2014 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)



Nil

98,077

 

 

 

d)

Aggregated information

- Volume

- Price

 

 

 

 

Single transaction as in 4c) above

 

Nil consideration

 

 

e)

Date of the transaction

2 August 2021

f)

Place of the transaction

Outside a trading venue

 

 

 

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