TIDMGKP

RNS Number : 5071F

Gulf Keystone Petroleum Ltd.

09 March 2020

09 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                            09 March 2020 
 Number of common shares purchased           243,887 
 Highest price paid per common share         116.00 pence 
 Lowest price paid per common shares         105.00 pence 
 Volume weighted average price per common    109.91 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 9,784,554 common shares for a total value of $23.62 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 211,498,192 common shares plus 17,931,374 common shares held in Treasury.

The above figure of 211,498,192 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 
      2,500               105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,556               105.0               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,500               105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,464               105.0               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,651               105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       467                105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       412                105.2               08:39:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       510                105.2               08:42:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,455               105.2               08:45:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,490               105.2               08:45:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,495               105.2               08:45:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       188                105.0               08:59:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       344                105.0               08:59:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      25,000              106.8               09:12:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,251               115.4               11:30:44            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,749               115.4               11:33:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,000               115.4               11:39:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               115.4               11:39:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       521                115.4               11:39:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,361               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,592               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,592               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,047               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,200               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       400                116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,800               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,675               116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       280                116.0               12:33:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        80                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       958                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       712                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       506                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       119                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       240                115.0               13:03:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       671                115.0               13:04:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,452               115.0               13:04:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       658                115.0               13:04:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       604                115.0               13:04:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,286               114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       251                114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,578               114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       712                114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       240                114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       658                114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,275               114.6               13:30:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       658                113.0               14:36:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       952                113.0               14:36:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,275               113.0               14:36:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      7,115               113.0               14:36:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               111.4               14:43:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        57                111.4               14:43:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       355                111.4               14:43:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        77                111.4               14:43:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,483               111.4               14:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,463               111.4               14:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       112                111.4               14:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       304                111.4               14:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        37                111.4               14:43:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,249               111.4               14:44:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,112               111.4               14:44:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,334               111.4               14:45:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,666               111.4               14:45:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       959                111.4               14:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        25                111.4               14:46:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,590               111.4               14:49:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,016               111.4               14:49:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,161               111.4               14:49:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,784               110.4               14:55:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        41                110.4               14:55:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,400               110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                110.8               15:16:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       536                110.8               15:18:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       777                110.8               15:18:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,038               110.8               15:18:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        6                 110.8               15:18:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       249                110.8               15:18:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,787               110.8               15:20:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               110.8               15:20:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,013               110.8               15:20:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,009               110.8               15:21:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       294                110.8               15:21:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       667                110.8               15:21:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,784               110.8               15:24:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        93                110.8               15:24:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,549               110.8               15:24:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       932                110.8               15:24:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,123               110.8               15:24:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               110.8               15:24:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       648                110.8               15:24:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,297               110.8               15:24:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,297               110.8               15:24:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       773                110.8               15:24:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,703               110.8               15:24:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,591               107.7               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       383                108.0               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       910                108.0               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      8,437               108.0               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      35,889              107.7               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        29                108.0               15:35:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       373                108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       860                108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       650                108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,995               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        55                108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,005               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,005               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,995               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,995               108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       601                108.8               15:36:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,404               108.8               15:36:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,326               108.8               15:36:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       884                108.8               15:36:12            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

March 09, 2020 13:31 ET (17:31 GMT)

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