Gulf Keystone Petroleum Ltd. Dividend Payment (5425E)
05 Juli 2019 - 8:00AM
UK Regulatory
TIDMGKP
RNS Number : 5425E
Gulf Keystone Petroleum Ltd.
05 July 2019
5 July 2019
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Dividend Payment
At Gulf Keystone's Annual General Meeting on 21 June 2019,
shareholders approved the distribution of a total cash dividend of
$50 million for the year ended 31 December 2018. This dividend will
be paid in two tranches: the initial one third tranche will be paid
today (the "Initial Tranche") and the balance (two-thirds of the
total aggregate dividend) will be paid on a date to be determined
by the Board following release of the Company's half-yearly
results.
The Initial Tranche is equivalent 7.26 US cents per common share
of the Company ("Common Share"). It has been converted into pounds
sterling at a rate of $1:GBP0.7823 prevailing on 27 June 2019, and
hence a dividend of 5.68p per Common Share will be paid today to
those shareholders on the register of members of the Company as at
28 June 2019.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Celicourt Communications: +44 (0) 20 7520 9266
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
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