Gulf Keystone Petroleum Ltd. Completion of second US$25 million Buyback (1886G)
March 16 2020 - 3:02AM
UK Regulatory
TIDMGKP
RNS Number : 1886G
Gulf Keystone Petroleum Ltd.
16 March 2020
16 March 2020
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Completion of second US$25 million Buyback Programme
Gulf Keystone Petroleum is pleased to announce that following
the purchase of ordinary shares on 13 March 2020, the Company's
US$25 million share buyback programme as announced on 10 December
2019 and 21 January 2020 has been completed. In aggregate, between
10 December 2019 and 13 March 2020, the Company repurchased
10,912,244
ordinary shares at a VWAP of 176.1 pence per share.
The Company has now bought back shares for a total value of
US$50 million in the last twelve months.
Gulf Keystone's issued share capital comprises 229,429,566
ordinary shares, of which 19,059,064 ordinary shares are held in
treasury. The Company now has a total of 210,370,502 ordinary
shares in issue with voting rights. This figure should be used by
shareholders as the denominator when determining whether they are
required to notify their interest in, or a change to their interest
in the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
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
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