TIDMGKP

RNS Number : 5097A

Gulf Keystone Petroleum Ltd.

21 January 2020

21 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                            21 January 2020 
 Number of common shares purchased           75,000 
 Highest price paid per common share         200.0 pence 
 Lowest price paid per common shares         199.8 pence 
 Volume weighted average price per common    200.0 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 with the first stage of the programme being for an initial amount of $15 million. Under the programme, the Company has purchased 3,826,887 common shares for a total value of $10.27 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, the Company's issued share capital consists of 217,454,859 common shares plus 11,974,707 common shares held in Treasury.

The above figure of 217,454,859 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 
        108               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        330               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        103               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        51                199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,872              199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        720               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        720               199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,220              199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,220              199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,592              199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,812              199.8               12:43:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,745              199.8               12:44:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        401               200.0               13:42:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        271               200.0               13:42:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,913              200.0               13:42:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,045              200.0               13:42:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        774               200.0               13:42:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      12,234              200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,812              200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        286               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        165               200.0               15:50:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      11,178              200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,868              200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        477               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        500               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        487               200.0               15:58:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        94                200.0               15:58:06            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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January 21, 2020 13:29 ET (18:29 GMT)

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