Gulf Keystone Petroleum Ltd. Transaction in Own Shares (3675J)

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RNS Number : 3675J

Gulf Keystone Petroleum Ltd.

16 August 2019

16 August 2019

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 "Programme") announced on 8 July 2019.

 
 Date of purchase                              16 August 2019 
 Number of ordinary shares purchased           151,879 
 Highest price paid per ordinary share         244.95 pence 
 Lowest price paid per ordinary share          243.50 pence 
 Volume weighted average price per ordinary    244.54 pence 
  share 
 

Following the repurchase of the shares set out above, the Company's issued share capital consists of 229,429,566 ordinary shares. 3,801,526 ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 225,628,040 ordinary shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

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 ordinary shares by the Company, which were all executed through the Company's broker, Peel Hunt LLP, are set out below:

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction   Trading venue 
     purchased       (pence per share) 
                                                               London Stock 
      42,569              243.50              11:30:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      109,310             244.95              12:06:12            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 [e-mail] or visit www.rns.com.

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August 16, 2019 11:35 ET (15:35 GMT)