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
  4.20 6.61% 67.70 67.70 68.40 68.90 65.80 65.80 439,071 11:09:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 196.5 62.5 27.3 2.4 152

Gulf Keystone Petroleum Ltd. Transaction in Own Shares

05/02/2020 5:55pm

UK Regulatory (RNS & others)

Gulf Keystone Petroleum (LSE:GKP)
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2 Months : From Jan 2020 to Mar 2020

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RNS Number : 1224C

Gulf Keystone Petroleum Ltd.

05 February 2020

05 February 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                            05 February 2020 
 Number of common shares purchased           83,954 
 Highest price paid per common share         197.01 pence 
 Lowest price paid per common shares         194.71 pence 
 Volume weighted average price per common    196.54 pence 

As announced on 10 December 2019, the Company will use existing cash resources to make market purchases of common shares for a maximum consideration of $25 million with the first stage of the programme being for an initial amount of $15 million. As announced on 21 January 2020, once the first stage of the programme is completed, purchases of the final amount of $10 million will commence. Under the programme, the Company has purchased 5,328,460 common shares for a total value of $14.07 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 215,954,286 common shares plus 13,475,280 common shares held in Treasury.

The above figure of 215,954,286 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, 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 
      11,500              194.71              10:09:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      20,000              197.00              11:38:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      17,954              196.80              12:05:55            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      14,000              196.40              14:10:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      7,500               196.95              15:38:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      13,000              197.01              16:38:57            Exchange 
                   -------------------  --------------------  -------------- 


 Celicourt Communications:    + 44(0) 20 8434 2754 
 Mark Antelme 
  Jimmy Lea 

or visit:

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


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 or visit



(END) Dow Jones Newswires

February 05, 2020 12:55 ET (17:55 GMT)

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