TIDMGKP

RNS Number : 6942N

Gulf Keystone Petroleum Ltd.

25 September 2019

25 September 2019

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 8 July and 2 September 2019.

 
 Date of purchase                             25 September 2019 
 Number of Ordinary Shares purchased          128,830 shares 
 Highest price paid per Ordinary Share        230.57 pence 
 Lowest price paid per Ordinary Shares        225.25 pence 
 Volume weighted average price per Ordinary   228.68 pence 
  Share 
 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 229,429,566 Ordinary Shares. 7,069,971 Ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 222,359,595 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

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 ordinary shares by the Company, which were all executed through the Company's broker, Peel Hunt LLP, are set out below:

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction   Trading venue 
     purchased       (pence per share) 
                                                               London Stock 
       503                227.50              16:29:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       455                227.50              16:29:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       455                227.50              16:29:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,066               227.50              16:28:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,249               227.50              16:28:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       911                227.00              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        26                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       879                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        45                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        45                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       771                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       335                226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               226.50              16:28:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,416               226.25              16:24:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,154               226.50              16:01:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       892                226.25              16:01:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       712                226.00              15:30:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       481                226.50              15:29:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       535                225.50              15:19:46            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       927                225.75              15:17:28            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,281               225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       203                225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       837                225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       780                225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       699                225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       689                225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,146               225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,458               225.50              15:10:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,561               225.25              15:09:44            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      72,563              229.25              09:26:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       558                229.50              08:52:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      22,998              230.57              08:13:43            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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September 25, 2019 12:34 ET (16:34 GMT)

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