TIDMGKP

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    89.75 pence 
  share 
 

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   Transaction price    Time of transaction   Trading venue 
     purchased       (pence per share) 
                                                               London Stock 
      1,831                91.0               08:30:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       238                 92.9               09:03:56            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       238                 92.9               09:05:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,762                92.9               09:05:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,670                92.9               09:05:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,330                92.9               09:05:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,330                92.9               09:05:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        32                 92.9               09:07:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,039                92.9               09:08:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,039                92.9               09:08:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,599                92.9               09:08:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       570                 92.9               09:08:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,008                92.9               09:08:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       719                 92.9               09:08:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       703                 92.9               09:08:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       703                 92.9               09:08:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,189                92.9               09:09:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,301                92.5               09:53:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,699                92.5               09:53:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,612                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,388                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,332                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,830                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,116                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,838                92.5               09:59:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       299                 92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       830                 92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       691                 92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,293                92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,887                92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,887                92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,997                92.5               10:00:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       300                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,682                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        35                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,417                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       983                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       300                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       300                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       300                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,018                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       839                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       983                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,492                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,260                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,243                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,499                91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       258                 91.1               11:30:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,606                91.1               11:30:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       694                 91.1               11:30:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,190                92.1               12:32:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,118                92.1               12:34:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,692                92.1               12:34:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       863                 92.1               12:34:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,303                92.1               12:34:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       563                 92.1               12:36:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       602                 92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,669                92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,318                92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       351                 92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       351                 92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,847                92.1               12:36:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,197                92.1               12:37:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       133                 92.1               12:37:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       575                 92.1               12:37:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,483                92.1               12:40:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       536                 92.1               12:40:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,800                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,800                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                 91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,800                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       392                 91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,677                91.9               12:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,600                91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       679                 91.9               12:45:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       151                 91.9               12:45:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       135                 91.9               12:45:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       151                 91.9               12:45:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       241                 89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,094                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,400                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,335                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,265                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,997                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       685                 89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,003                89.0               13:25:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000                89.0               13:26:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       542                 89.0               13:26:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,620                89.0               13:27:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,838                89.0               13:27:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       277                 89.0               13:27:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       599                 89.0               13:27:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,528                89.0               13:27:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,299                89.0               13:28:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       479                 89.0               13:28:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       297                 89.0               13:28:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,501                89.0               13:28:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000                88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,812                88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,128                88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,752                88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        60                 88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,720                88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       684                 88.1               13:38:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,596                88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,812                88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       162                 88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       817                 88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,026                88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       555                 88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       748                 88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,697                88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                 88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000                88.1               13:38:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       558                 88.1               13:38:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,442                88.1               13:38:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,678                88.1               13:39:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,064                88.1               13:40:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       258                 88.1               13:41:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,283                88.1               13:41:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,045                88.1               13:41:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,717                88.1               13:41:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
     102,616               88.1               13:59:25            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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March 12, 2020 13:19 ET (17:19 GMT)

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