Gulf Keystone Petroleum Ltd. Completion of Buyback Programme (7739K)
02 Settembre 2019 - 08:00AM
UK Regulatory
TIDMGKP
RNS Number : 7739K
Gulf Keystone Petroleum Ltd.
02 September 2019
02 September 2019
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Completion of Initial US$15 million Buyback Programme
Gulf Keystone Petroleum is pleased to announce that following
the purchase of ordinary shares on 30 August 2019, the Company's
initial US$15 million share buyback programme announced on 8 July
2019 was completed.
In aggregate, between 8 July 2019 and 30 August 2019, the
Company repurchased 5,225,933 ordinary shares at a VWAP of 234.00
pence per share.
Following the above transaction, the Company's issued share
capital comprises 229,429,566 ordinary shares, of which 5,225,933
ordinary shares are held in treasury. The Company now has a total
of 224,203,633 ordinary shares in issue with voting rights. This
figure should be used by shareholders as the denominator when
determining whether they are required to notify their interest in,
or a change to their interest in the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company will update the market once it has initiated the
remainder of the buyback programme up to a maximum of US$25 million
as announced 8 July 2019.
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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