RNS Number : 2314A
Gulf Keystone Petroleum Ltd.
17 January 2020
 

 


17 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

17 January 2020

Number of common shares purchased

169,163

Highest price paid per common share

198.4 pence

Lowest price paid per common shares

196.4 pence

Volume weighted average price per common share

197.3 pence

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. Under the programme, the Company has purchased 3,704,830 common shares for a total value of $9.96 million.

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 217,576,916 common shares plus 11,852,650 common shares held in Treasury.

The above figure of 217,576,916 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 purchased

Transaction price (pence per share)

Time of transaction

Trading venue

25,000

198.4

09:15:11

London Stock Exchange

25,000

198.0

10:46:35

London Stock Exchange

427

197.4

10:55:51

London Stock Exchange

416

197.4

10:55:51

London Stock Exchange

4,157

197.4

10:55:51

London Stock Exchange

4,157

197.0

12:59:01

London Stock Exchange

427

197.0

12:59:01

London Stock Exchange

416

197.0

12:59:01

London Stock Exchange

1,000

197.0

12:59:01

London Stock Exchange

1,000

197.0

12:59:31

London Stock Exchange

2,157

197.0

12:59:31

London Stock Exchange

25,000

197.4

13:20:34

London Stock Exchange

291

197.0

14:37:00

London Stock Exchange

320

197.0

14:38:03

London Stock Exchange

416

197.0

14:43:56

London Stock Exchange

2,319

197.0

14:43:56

London Stock Exchange

2,375

197.0

14:43:56

London Stock Exchange

2,500

197.0

14:43:56

London Stock Exchange

2,622

197.0

14:44:34

London Stock Exchange

778

196.4

15:06:14

London Stock Exchange

2,982

196.4

15:06:14

London Stock Exchange

103

196.4

15:06:14

London Stock Exchange

376

196.4

15:06:14

London Stock Exchange

386

196.4

15:06:14

London Stock Exchange

376

196.4

15:22:35

London Stock Exchange

100

196.4

15:22:35

London Stock Exchange

3,760

196.4

15:22:35

London Stock Exchange

283

196.4

15:22:35

London Stock Exchange

3,760

196.4

15:36:32

London Stock Exchange

386

196.4

15:36:32

London Stock Exchange

376

196.4

15:36:32

London Stock Exchange

55,497

196.8

16:06:00

London Stock 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.


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