TIDMGKP

RNS Number : 2062F

Gulf Keystone Petroleum Ltd.

05 March 2020

05 March 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                            05 March 2020 
 Number of common shares purchased           245,000 
 Highest price paid per common share         148.00 pence 
 Lowest price paid per common shares         141.40 pence 
 Volume weighted average price per common    144.50 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. The initial amount of $15 million of the programme has been completed. Further to the announcement on 21 January 2020, purchases of the final amount of $10 million has commenced. Under the programme, the Company has purchased 9,296,667 common shares for a total value of $22.83 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 211,986,079 common shares plus 17,443,487 common shares held in Treasury.

The above figure of 211,986,079 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 
       4,840              148.00              08:03:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        160               148.00              08:03:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        494               148.00              08:03:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        786               148.00              08:04:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,061              148.00              08:04:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,292              148.00              08:04:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        861               148.00              08:04:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,038              148.00              08:04:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        78                148.00              08:04:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,922              148.00              08:04:51            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,050              148.00              08:05:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,219              148.00              08:05:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,731              148.00              08:05:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,468              148.00              08:05:57            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,312              147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,688              147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        180               147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        811               147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,009              147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        811               147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,820              147.00              08:15:21            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        180               147.00              08:15:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        10                147.00              08:15:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        390               147.00              08:15:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,610              147.00              08:15:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,179              147.00              08:15:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        358               146.00              08:26:56            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,319              146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        143               146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,553              146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,627              146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        39                146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,961              146.00              08:29:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              146.00              08:31:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,000              146.00              08:31:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              146.00              08:31:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,200              146.00              08:32:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        800               146.00              08:32:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,400              146.00              08:32:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        800               146.00              08:32:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,800              146.00              08:32:02            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,500              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,500              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        344               145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        353               145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,054              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,946              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,946              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,747              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,307              145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        639               145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
         3                145.00              09:27:05            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              09:27:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              09:32:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              09:32:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              09:34:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        997               145.00              09:34:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        881               145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        769               145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        235               145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        60                145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        719               145.00              10:02:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,000              144.40              16:29:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,000              144.40              16:29:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        106               144.40              16:29:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,215              144.40              16:29:24            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,561              144.40              16:29:30            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,118              144.40              16:29:39            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        248               144.40              16:29:46            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,841              143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        159               143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,031              143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,608              143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        167               143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,589              143.60              13:03:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        605               143.60              13:03:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        64                143.60              13:03:25            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        278               143.60              13:04:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,455              143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,203              143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,320              143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,072              143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        900               143.60              13:19:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        12                143.60              15:58:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        17                143.60              15:58:52            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        317               143.60              16:23:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,818              143.60              16:23:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        459               143.60              16:23:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,739              143.60              16:23:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        99                143.60              16:23:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,542              143.60              16:24:31            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,441              143.20              10:27:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        589               143.20              10:43:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,513              143.20              10:43:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        457               143.20              10:47:12            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,420              143.20              10:55:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,200              143.20              10:55:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,380              143.20              10:55:23            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,993              143.20              10:57:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
         7                143.20              10:57:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,841              143.20              10:57:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,159              143.20              10:57:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        410               143.20              10:57:54            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,581              143.20              11:21:59            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,009              143.20              11:32:34            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,841              143.20              15:34:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        159               143.20              15:34:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               143.20              15:34:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        386               143.20              15:34:58            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,228              143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        536               143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        536               143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,928              143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,072              143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,925              143.20              15:38:14            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,000              143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        49                143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,200              143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,751              143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,649              143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        649               143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,479              143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        223               143.00              15:04:53            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        995               143.00              16:35:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        675               143.00              16:35:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,082              143.00              16:35:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,032              142.80              12:38:22            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,260              142.80              12:40:27            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        708               142.80              12:40:27            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        708               142.80              12:40:27            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,276              142.60              13:34:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,166              142.60              13:34:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,500              142.60              13:34:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        717               142.60              13:34:37            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,900              142.60              13:34:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        100               142.60              13:34:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        100               142.60              13:34:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        100               142.60              13:34:47            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              142.60              13:35:00            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        208               142.60              13:36:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       3,592              142.60              13:36:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              142.60              13:36:20            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       4,000              142.60              13:36:35            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              142.60              13:36:36            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       1,000              142.60              13:37:46            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       2,287              142.60              13:39:13            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
        54                142.60              13:39:15            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,000              141.40              14:09:07            Exchange 
                   -------------------  --------------------  -------------- 
                                                               London Stock 
       5,000              141.40              14:09:07            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

POSDELFBBXLXBBL

(END) Dow Jones Newswires

March 05, 2020 12:45 ET (17:45 GMT)

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