TIDMGKP

RNS Number : 6506A

Gulf Keystone Petroleum Ltd.

22 January 2020

22 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                            22 January 2020 
 Number of common shares purchased           106,543 
 Highest price paid per common share         200.0 pence 
 Lowest price paid per common shares         199.0 pence 
 Volume weighted average price per common    199.8 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 3,933,430 common shares for a total value of $10.56 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 217,348,316 common shares plus 12,081,250 common shares held in Treasury.

The above figure of 217,348,316 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 
        631               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,938              200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        243               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        243               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               11:08:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,400              200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        412               200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        54                200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        327               200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        392               200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        381               200.0               11:24:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        869               200.0               11:25:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        38                200.0               11:52:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        113               200.0               11:59:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
         6                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        10                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        116               200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        63                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        26                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        37                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
         4                200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        107               200.0               12:02:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,851              200.0               12:14:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        681               200.0               12:15:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        415               200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,085              200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,500              200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,684              200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        970               200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,085              200.0               12:22:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        415               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        404               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,036              199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,050              199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        404               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        415               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        387               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        343               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        404               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        404               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        415               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        415               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        352               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        404               199.6               13:46:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        45                200.0               15:46:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,921              200.0               15:46:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,810              200.0               15:46:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:01:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        318               200.0               16:08:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        274               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        376               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        323               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        489               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        128               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,017              200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        396               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,760              200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        640               200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,442              200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       9,747              200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,355              200.0               16:09:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        216               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        222               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        378               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        330               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        330               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        330               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        330               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        378               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        33                199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,778              199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        119               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,458              199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        195               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        295               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        173               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,349              199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        166               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        166               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        162               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        234               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,544              199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        593               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        127               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        83                199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        49                199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        77                199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        593               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        158               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        378               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        388               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        164               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        248               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        538               199.6               16:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        409               199.6               16:24:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        456               199.6               16:25:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        576               199.6               16:26:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        125               199.6               16:26:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        136               199.6               16:26:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        341               199.0               16:35:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,475              199.0               16:35:02            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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(END) Dow Jones Newswires

January 22, 2020 12:50 ET (17:50 GMT)

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