TIDMGKP

RNS Number : 3527B

Gulf Keystone Petroleum Ltd.

29 January 2020

29 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                            29 January 2020 
 Number of common shares purchased           131,998 
 Highest price paid per common share         195.0 pence 
 Lowest price paid per common shares         193.8 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 4,528,538 common shares for a total value of $12.08 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 216,754,208 common shares plus 12,675,358 common shares held in Treasury.

The above figure of 216,754,208 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 
       381                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       261                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       331                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       132                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        50                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       261                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       203                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3814                195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3072                195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       742                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       805                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       427                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       742                 195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2645                195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1169                195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1640                195                08:47:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       536                 195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       236                 195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       157                 195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       278                 195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                 195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1638                195                09:07:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       503                 195                09:07:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1516                195                09:10:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                 195                09:10:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1795                195                09:10:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       821                 195                09:10:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       163                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       104                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       422                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       239                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1448                195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       393                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3814                195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       291                 195                09:10:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4868                194                11:17:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                 194                11:17:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                 194                11:17:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                 194                11:17:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       778                 194                11:17:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       547                 194                11:22:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        15                 194                11:40:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       487                 194                11:40:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       378                 194                11:54:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       367                 194                11:54:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       132                 194                11:56:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       442                 194                11:59:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        11                 194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        1                  194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        96                 194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        3                  194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        2                  194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        3                  194                12:02:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       242                 194                12:45:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       395                 194                13:05:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1590                194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       277                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       223                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       136                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       277                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       109                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       136                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       500                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       245                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2483                194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       400                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1370                194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       313                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       965                 194                13:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1410                194                13:09:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       246                 194                13:09:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2921                194                13:09:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       330                 194                13:15:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       828                 194                13:23:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       656                193.8               14:24:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       103                193.8               14:24:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        15                193.8               14:25:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       450                 194                14:31:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2200                194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       851                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       851                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       851                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1799                194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       851                 194                14:39:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       426                 194                14:39:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        63                 194                14:39:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       395                 194                14:39:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       203                 194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       375                 194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3126                194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       147                 194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       203                 194                14:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1607                194                14:48:24            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       524                 194                14:48:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1370                194                14:53:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       205                 194                14:53:45            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2410                194                14:54:38            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1000                194                14:55:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       266                 194                14:55:06            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        91                 194                14:57:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        84                 194                14:57:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        91                 194                14:57:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3410                194                14:57:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        84                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        82                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3501                194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4324                194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       126                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       123                 194                14:57:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       668                 194                14:57:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2833                194                14:57:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       350                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        67                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        65                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3501                194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       655                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        2                  194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       906                 194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2595                194                14:57:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1719                194                15:01:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       348                 194                15:01:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       552                 194                15:08:08            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1126                194                15:20:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        53                 194                16:13:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       964                 194                16:13:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       347                 194                16:16:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       915                 194                16:16:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                 194                16:20:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1839                194                16:20:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        96                 194                16:28:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       301                 194                16:28:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       149                 194                16:29:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        47                 194                16:29:43            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4696                194                16:35:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       715                 194                16:35:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       8144                194                16:35:10            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

POSDKLFLBFLZBBV

(END) Dow Jones Newswires

January 29, 2020 13:00 ET (18:00 GMT)

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