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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gulf Keystone Petroleum Ltd | LSE:GKP | London | Ordinary Share | BMG4209G2077 | COM SHS USD1.00 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.20 | 2.90% | 113.50 | 112.90 | 113.50 | 114.50 | 112.00 | 112.30 | 933,497 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 123.51M | -11.5M | -0.0517 | -21.91 | 252.03M |
From Apr 2019 to Apr 2024
TIDMGKP
RNS Number : 6858D
Gulf Keystone Petroleum Ltd.
01 February 2018
Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.
1 February 2018
Gulf Keystone Petroleum Limited (LSE: GKP)
("Gulf Keystone" or "the Company")
2014 Long Term Incentive Plan ("LTIP") Award
Gulf Keystone Petroleum Limited announces that pursuant to the 2014 Gulf Keystone Petroleum Long Term Incentive Plan, on 1 February 2018 awards over Common Shares ("Awards") were granted to staff and the persons discharging managerial responsibilities ("PDMRs") listed below.
The LTIP was approved by Gulf Keystone Petroleum Ltd shareholders at the Company's Annual General Meeting held on 17 July 2014; this is the first award made under the LTIP.
The Awards were made based on a price of 120.6p being the closing mid-market price of the Company on 31(st) January 2018. The vesting date for Awards is 1(st) February 2021, being the third anniversary from the award date. The Awards are in the form of nil cost options and vesting of them will be in accordance with performance
conditions. No consideration is payable for the grant of an Award.
Performance Conditions
Vesting of the Awards is subject to both absolute and relative total shareholder return ("TSR") targets being met, each measure having a 50% weighting. TSR will be measured over the period of three years from the award date.
Awards
The following PDMRs have been granted awards under the LTIP:
Hot Features
Premium
Name Position Number of awards
------------------------- ---------------------- -----------------
Chief Operations
Stuart Catterall Officer 207,297
------------------------- ---------------------- -----------------
Gabriel Papineau-Legris Commercial Director 114,925
------------------------- ---------------------- -----------------
Legal Director
Alasdair Robinson & Company Secretary 119,403
------------------------- ---------------------- -----------------
Jane Barker HR Director 71,642
------------------------- ---------------------- -----------------
Nadzeya Kernoha Financial Controller 92,869
------------------------- ---------------------- -----------------
In addition to the above, Awards over a total of 1,180,108 shares in aggregate have also been granted under the LTIP to eligible employees who are not PDMRs.
Enquiries:
+44 (0) 20 7514
Gulf Keystone Petroleum: 1400
Jón Ferrier, CEO
Sami Zouari, CFO
Celicourt Communications: +44(0) 20 7520 9266
Mark Antelme
Jimmy Lea
or visit: www.gulfkeystone.com
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gabriel Papineau-Legris
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Commercial Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800QTAQOSSTNTPO15
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code
ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil cost award under the 2014 Long Term
Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 114,925
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume Single transaction as in 4 c) above.
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 February 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Stuart Catterall
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operations Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800QTAQOSSTNTPO15
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code
ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil cost award under the 2014 Long Term
Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 207,297
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price Single transaction as in 4 c) above.
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 February 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Nadzeya Kernoha
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Financial Controller
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800QTAQOSSTNTPO15
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil cost award under the 2014 Long Term
Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 92,869
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume Single transaction as in 4 c) above.
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 February 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Alasdair Robinson
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Legal Director & Company Secretary
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800QTAQOSSTNTPO15
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil cost award under the 2014 Long Term
Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 119,403
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume Single transaction as in 4 c) above.
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 February 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Jane Barker
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Human Resources Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800QTAQOSSTNTPO15
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil cost award under the 2014 Long Term
Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 71,642
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume Single transaction as in 4 c) above.
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 February 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 35,000 barrels of oil per day
Further information on Gulf Keystone is available on its website www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements. These statements are made by the Company's 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 uncertainties, including both economic and business factors, underlying such forward-looking information. 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 company news service from the London Stock Exchange
END
DSHLLFIEFTILIIT
(END) Dow Jones Newswires
February 01, 2018 10:30 ET (15:30 GMT)
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