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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 0.35% | 115.80 | 114.90 | 115.60 | 117.70 | 114.30 | 117.70 | 465,934 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 123.51M | -11.5M | -0.0517 | -22.34 | 256.92M |
TIDMGKP
RNS Number : 9783C
Gulf Keystone Petroleum Ltd.
13 February 2020
13 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 13 February 2020 Number of common shares purchased 175,080 Highest price paid per common share 186.10 pence Lowest price paid per common shares 183.40 pence Volume weighted average price per common 184.74 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 6,362,810 common shares for a total value of $16.56 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 214,919,936 common shares plus 14,509,630 common shares held in Treasury.
The above figure of 214,919,936 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 09:00:00 20,828 183.89 Exchange ------------------- -------------------- -------------- London Stock 09:59:56 23,696 183.47 Exchange ------------------- -------------------- -------------- London Stock 11:50:40 13,337 186.00 Exchange ------------------- -------------------- -------------- London Stock 12:58:13 32,877 184.92 Exchange ------------------- -------------------- -------------- London Stock 15:22:27 50,881 186.10 Exchange ------------------- -------------------- -------------- London Stock 16:28:36 33,461 183.40 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.
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February 13, 2020 12:42 ET (17:42 GMT)
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