TIDMGKP

RNS Number : 2159B

Gulf Keystone Petroleum Ltd.

28 January 2020

28 January 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                            28 January 2020 
 Number of common shares purchased           162,287 
 Highest price paid per common share         196.0 pence 
 Lowest price paid per common shares         192.8 pence 
 Volume weighted average price per common    194.3 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 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 4,396,540 common shares for a total value of $11.74 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 216,886,206 common shares plus 12,543,360 common shares held in Treasury.

The above figure of 216,886,206 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, Canaccord Genuity Limited, are set out below:

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction   Trading venue 
     purchased       (pence per share) 
                                                               London Stock 
       500                196.0               08:51:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                196.0               08:51:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,013               196.0               08:51:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,991               196.0               08:51:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,624               196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       240                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       235                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       240                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       240                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        12                196.0               08:53:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       327                196.0               08:57:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,376               196.0               08:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,188               196.0               09:00:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,535               196.0               09:00:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       160                196.0               09:00:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,015               196.0               09:00:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,840               196.0               09:00:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       239                196.0               09:00:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:10:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       449                193.0               10:10:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,369               193.0               10:10:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:10:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,571               193.0               10:10:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:11:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       416                193.0               10:11:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       383                193.0               10:11:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:11:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,415               193.0               10:11:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       207                193.0               10:13:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       280                193.0               10:13:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:13:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       437                193.0               10:13:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,445               193.0               10:13:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,184               193.0               10:13:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       270                193.0               10:14:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       223                193.0               10:14:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        33                193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       214                193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        5                 193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        5                 193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,257               193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,055               193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       397                193.0               10:14:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                192.8               10:20:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                192.8               10:20:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                192.8               10:25:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                192.8               10:25:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                192.8               10:26:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       131                192.8               10:26:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,275               192.8               10:26:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                192.8               10:26:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,593               192.8               10:26:42            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                193.4               10:53:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                193.4               10:53:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,868               193.4               10:53:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,811               193.4               10:59:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       210                193.4               10:59:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                193.4               10:59:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                193.4               10:59:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       479                193.4               11:01:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,638               193.4               11:01:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,738               193.4               11:01:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       612                193.4               11:01:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       478                193.4               11:01:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       245                193.4               11:02:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       221                195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       266                195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       358                195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,487               195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,381               195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,381               195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       424                195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                195.0               13:57:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,894               195.0               14:03:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       616                195.0               14:03:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       409                195.0               14:05:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       142                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        78                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       101                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       101                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       553                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,617               195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       847                195.0               14:05:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,594               195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,118               195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       598                195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       537                195.0               14:27:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               195.0               14:27:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,520               195.0               14:27:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        83                195.0               14:27:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       102                193.0               14:36:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       147                194.6               15:29:28            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       227                194.6               15:29:28            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       341                194.6               15:39:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       457                194.6               15:39:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                194.6               15:39:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       234                194.6               15:39:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       410                194.6               15:41:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       318                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       329                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,003               194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        63                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       117                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       116                194.6               15:46:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       239                194.6               15:54:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       283                194.6               15:57:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       121                194.6               15:57:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               194.6               16:02:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,338               194.6               16:02:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        98                194.6               16:02:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       662                194.6               16:02:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,721               194.6               16:02:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       229                194.6               16:03:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       326                194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        64                194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       152                194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,105               194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,105               194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       166                194.6               16:04:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                194.6               16:06:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,607               194.6               16:06:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       275                194.2               16:09:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       937                194.2               16:10:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                194.2               16:10:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,877               194.2               16:10:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       233                194.2               16:13:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       235                194.2               16:13:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       106                194.2               16:13:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,494               194.2               16:14:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,959               194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        73                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        52                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       839                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        73                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       127                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        56                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       390                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       261                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       163                194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,169               194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,745               194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,734               194.4               16:17:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,294               194.4               16:22:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        69                194.4               16:24:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       280                194.4               16:24:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        44                194.4               16:24:27            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        54                194.4               16:24:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       366                194.0               16:28:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        84                194.0               16:28:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       285                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       193                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       193                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       434                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       434                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       434                194.0               16:28:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        30                194.0               16:29:33            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       170                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,392               194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,255               194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        2                 194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       845                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,977               194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,638               194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       713                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       713                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       713                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       712                194.0               16:35:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       713                194.0               16:35:26            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.

END

POSDVLFLBFLXBBQ

(END) Dow Jones Newswires

January 28, 2020 12:50 ET (17:50 GMT)

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