TIDMGKP

RNS Number : 6769F

Gulf Keystone Petroleum Ltd.

10 March 2020

10 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 0 March 2020 
 Number of common shares purchased           262,766 
 Highest price paid per common share         106.40 pence 
 Lowest price paid per common shares         104.20 pence 
 Volume weighted average price per common    105.44 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 10,047,320 common shares for a total value of $23.97 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 211,235,426 common shares plus 18,194,140 common shares held in Treasury.

The above figure of 211,235,426 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 
      3,795               106.4               08:11:48            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,205               106.4               08:13:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,250               106.4               08:13:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,750               106.4               08:15:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               106.4               08:15:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,410               106.4               08:15:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,590               106.4               08:15:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,590               106.4               08:15:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       410                106.4               08:16:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               106.0               08:18:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,471               106.0               08:18:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               106.0               08:19:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               106.0               08:19:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,546               106.0               08:19:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       983                106.0               08:19:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,600               106.0               08:39:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        77                106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       486                106.0               08:50:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,885               106.0               08:50:44            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       115                106.0               08:50:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       111                106.0               08:50:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.0               08:52:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,000               106.0               08:52:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        51                106.0               08:52:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,949               106.0               08:52:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       991                106.0               09:06:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       237                106.0               09:06:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       963                106.0               09:06:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,698               106.0               09:06:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:10:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,600               105.2               09:15:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,898               105.2               09:15:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,502               105.2               09:15:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,946               105.2               09:15:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:15:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               09:15:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,054               105.2               09:15:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               105.2               09:15:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       814                105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,186               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,618               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,655               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,345               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,055               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       600                105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,400               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       327                105.4               10:14:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       591                105.6               10:22:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,409               105.6               10:22:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.6               10:22:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.6               10:22:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,339               105.6               10:22:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.6               10:22:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       661                105.6               10:22:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,724               106.4               10:56:36            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       276                106.4               10:56:36            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       270                106.4               10:59:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.4               10:59:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,270               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       654                106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       662                106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,144               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,781               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               106.4               11:00:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       219                106.4               11:00:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       680                105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,320               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,320               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       680                105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,320               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,800               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,800               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       680                105.6               11:27:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               105.2               11:35:04            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       877                105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,123               105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       877                105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.0               11:36:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,076               105.2               11:58:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,924               105.2               11:58:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               11:58:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,221               105.2               11:59:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       703                105.2               11:59:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               105.2               11:59:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,076               105.2               11:59:55            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,134               105.2               11:59:55            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       201                105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       202                105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        3                 105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       335                105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        87                105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,161               105.0               12:02:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       136                104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       136                104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,728               104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       272                104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,864               104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       136                104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,165               104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      5,000               104.2               12:46:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       573                105.4               13:06:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       496                105.4               13:08:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        93                105.4               13:08:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,401               105.4               13:08:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       209                104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,090               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,701               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,090               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       394                104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       489                104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,117               104.4               13:36:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       963                104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       222                104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        50                104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,765               104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       635                104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,365               104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:42:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,335               104.4               13:42:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,020               104.4               13:42:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               104.4               13:42:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       645                104.4               13:42:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        76                104.4               13:42:46            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

POSDBLFFBXLBBBZ

(END) Dow Jones Newswires

March 10, 2020 13:15 ET (17:15 GMT)

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