TIDMGKP

RNS Number : 6487B

Gulf Keystone Petroleum Ltd.

31 January 2020

31 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                            31 January 2020 
 Number of common shares purchased           160,012 
 Highest price paid per common share         189.2 pence 
 Lowest price paid per common shares         185.4 pence 
 Volume weighted average price per common    187.4 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 4,874,714 common shares for a total value of $12.94 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 216,408,032 common shares plus 13,021,534 common shares held in Treasury.

The above figure of 216,408,032 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 
      1,000               188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,760               188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,200               188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        64                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,560               188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       262                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       262                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       360                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       483                188.4               10:23:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,600               188.4               10:32:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       373                188.4               10:32:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        55                188.4               10:35:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      10,638              188.8               11:11:19            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        69                189.0               11:58:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       117                189.2               13:47:56            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       373                189.2               13:47:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        3                 189.2               13:48:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       241                189.2               13:48:10            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               13:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        28                189.2               13:48:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,498               189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       244                189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       244                189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,917               189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,262               189.2               13:51:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               13:51:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       159                189.2               13:51:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        80                189.2               13:52:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,867               189.2               13:55:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       308                189.2               13:55:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       227                189.2               13:56:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       296                189.2               13:56:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       822                189.2               13:56:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       271                189.2               13:56:18            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       619                189.2               13:56:46            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       942                189.2               14:12:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,199               189.2               14:12:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       544                189.2               14:12:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               14:12:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                189.2               14:12:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,123               189.2               14:12:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,026               189.2               14:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                189.2               14:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               14:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,013               189.2               14:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               14:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               14:19:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       184                189.2               14:19:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       184                189.2               14:19:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       312                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       202                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        85                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        54                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       297                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       192                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       376                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       189                189.2               14:19:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,337               189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,234               189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       285                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        88                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       386                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        44                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        91                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,626               189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       265                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        81                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       337                189.2               14:20:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       545                189.2               14:20:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,415               189.2               14:21:40            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       179                189.2               14:22:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,227               189.2               14:22:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               187.2               15:07:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,361               187.2               15:07:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       145                187.2               15:07:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       109                187.2               15:07:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       450                187.2               15:07:50            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       450                187.2               15:09:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       353                187.2               15:09:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,077               187.2               15:09:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       455                187.2               15:12:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,422               187.2               15:25:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        7                 187.2               15:25:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       450                187.2               15:25:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               187.2               15:25:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,936               187.2               15:26:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       279                187.2               15:26:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       462                187.2               15:26:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,563               187.2               15:26:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       415                187.2               15:26:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       137                187.2               15:26:09            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       395                187.2               15:26:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        34                187.2               15:26:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        47                187.2               15:26:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       658                187.2               15:26:16            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       405                187.2               15:27:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       462                187.2               15:27:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,446               187.2               15:27:17            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       489                187.2               15:27:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,163               187.2               15:28:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       919                187.2               15:28:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        45                187.2               15:28:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       462                187.2               15:28:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,928               187.2               15:28:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       274                187.2               15:29:11            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,494               187.2               15:32:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       257                187.2               15:32:49            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,039               187.2               15:33:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,000               187.2               15:33:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       429                187.2               15:33:32            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       210                187.2               15:33:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       709                187.2               15:33:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,744               187.2               15:35:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        33                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       176                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,022               187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        37                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       450                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        38                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       462                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        73                187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        8                 187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,521               187.2               15:35:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       108                186.2               15:48:03            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       206                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       379                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       162                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       389                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       389                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       947                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,679               186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       379                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       389                186.2               15:57:26            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        99                186.2               15:57:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,787               186.4               16:05:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        25                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       379                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        39                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       389                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       120                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,787               186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       688                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       389                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       379                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      4,555               186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,589               186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       748                186.4               16:07:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      8,349               185.4               16:13:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,500               185.4               16:13:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,800               185.4               16:13:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       265                185.4               16:13:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,226               185.4               16:16:01            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,500               185.4               16:16:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       463                185.4               16:16:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       449                185.4               16:16:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       857                185.4               16:16:41            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       100                185.4               16:17:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        51                185.4               16:17:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,354               185.4               16:17:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       285                185.4               16:17:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        24                185.4               16:17:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       104                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       723                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       233                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,431               185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        42                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       465                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        34                185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      3,264               185.6               16:29:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       983                185.6               16:35:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       418                185.6               16:35:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      2,194               185.6               16:35:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       381                185.6               16:35:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       550                185.6               16:35:29            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
      1,329               185.6               16:35:29            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

POSDFLFXBFLLBBE

(END) Dow Jones Newswires

January 31, 2020 12:35 ET (17:35 GMT)

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