GKP Gulf Keystone Petroleum Ltd

TIDMGKP

RNS Number : 9774Y

Gulf Keystone Petroleum Ltd.

18 May 2021

18 May 2021

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Director/PDMR Shareholdings

Gulf Keystone announces that on 14 May 2021 Nadzeya Kernoha, Head of Finance, exercised her vested nil-cost share options granted to her under the Company's 2014 Long Term Incentive Plan ("LTIP") and 2016 Staff Retention Plan ("SRP"). Upon exercise, a proportion of the vested award was sold to pay the tax liability arising upon exercise, while the remainder was retained.

 
 Name        Position    Share      Options      Shares   Shares      Price      Date      Shareholding   Shareholding 
                          Option     exercised    sold     retained    per        of       post            percentage 
                          Scheme                  for                  share      sale     transaction     post 
                                                  tax                  of sale                             transaction 
                                                                       (GBP)                               (%) 
             Head 
 Nadzeya      of         2014 
  Kernoha     Finance     LTIP      63,801       30,092   33,709      1.648000   14/5/21   33,709         0.02 
            ----------  ---------  -----------  -------  ----------  ---------  --------  -------------  ------------- 
             Head 
 Nadzeya      of         2016 
  Kernoha     Finance     SRP       85,000       40,091   44,909      1.649381   14/5/21   44,909         0.02 
            ----------  ---------  -----------  -------  ----------  ---------  --------  -------------  ------------- 
                                                                                           Total - 
                                                                                            78,618        0.04 
  -------------------------------  -----------  -------  ----------  ---------  --------  -------------  ------------- 
 

Enquiries:

 
 Gulf Keystone:                             +44 (0) 20 7514 1400 
 Aaron Clark, Head of Investor Relations    aclark@gulfkeystone.com 
 
 Celicourt Communications:                  + 44(0) 20 8434 2754 
 Mark Antelme                               GKP@Celicourt.uk 
  Jimmy Lea 
 

or visit: www.gulfkeystone.com

This notification is made in accordance with the Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                Nadzeya Kernoha 
     ------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status     Head of Finance 
     ------------------  ------------------------------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
     ------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                Gulf Keystone Petroleum Limited 
     ------------------  ------------------------------------------------------- 
 b)   LEI                 213800QTAQOSSTNTPO15 
     ------------------  ------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------------- 
 a)   Description         Common shares of $1.00 each 
       of the financial 
       instrument, 
       type of             ISIN: BMG4209G2077 
       instrument 
       Identification 
       code 
     ------------------  ------------------------------------------------------- 
 b)   Nature of                1. Exercise of 63,801 Nil-cost options pursuant 
       the transaction          to 2014 LTIP (2018 award) 
                                2. Sale of 30,092 shares to cover tax liability 
     ------------------  ------------------------------------------------------- 
 c)   Price(s)              Price            No. of shares 
       and volume(s)              1. 0p            1. 63,801 
                                             --------------- 
                             Price            No. of shares 
                                             --------------- 
                                  2. 164.8p        3. 30,092 
                                             --------------- 
     ------------------  ------------------------------------------------------- 
 d)   Aggregated 
       information           1. Price              1. Volume        2. Total 
       - volume                   1. 0p            1. 63,801        1. GBP0 
       - Price                               ---------------  ------------------ 
       - Total 
                                  2. Price         2. Volume        2. Total 
                                             ---------------  ------------------ 
                                  2. 164.8p        2. 30,092        2. GBP49,592 
                                             ---------------  ------------------ 
     ------------------  ------------------------------------------------------- 
 e)   Date of             14 May 2021 
       the transaction 
     ------------------  ------------------------------------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction 
     ------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                Nadzeya Kernoha 
     ------------------  ---------------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status     Head of Finance 
     ------------------  ---------------------------------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
     ------------------  ---------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                Gulf Keystone Petroleum Limited 
     ------------------  ---------------------------------------------------------- 
 b)   LEI                 213800QTAQOSSTNTPO15 
     ------------------  ---------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------------ 
 a)   Description         Common shares of $1.00 each 
       of the financial 
       instrument, 
       type of             ISIN: BMG4209G2077 
       instrument 
       Identification 
       code 
     ------------------  ---------------------------------------------------------- 
 b)   Nature of                1. Exercise of 85,000 Nil-cost options pursuant 
       the transaction          to 2016 SRP 
                                2. Sale of 40,091 shares to cover tax liability 
     ------------------  ---------------------------------------------------------- 
 c)   Price(s)              Price               No. of shares 
       and volume(s)              1. 0p               1. 85,000 
                                                --------------- 
                             Price               No. of shares 
                                                --------------- 
                                  2. 164.9381p        2. 40,091 
                                                --------------- 
     ------------------  ---------------------------------------------------------- 
 d)   Aggregated 
       information           1. Price                 1. Volume        1. Total 
       - volume                   1. 0p               1. 85,000        1. GBP0 
       - Price                                  ---------------  ------------------ 
       - Total 
                                  2. Price            2. Volume        2. Total 
                                                ---------------  ------------------ 
                                  2. 164.9381p        2. 40,091        2. GBP66,125 
                                                ---------------  ------------------ 
     ------------------  ---------------------------------------------------------- 
 e)   Date of             14 May 2021 
       the transaction 
     ------------------  ---------------------------------------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction 
     ------------------  ---------------------------------------------------------- 
 

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May 18, 2021 05:02 ET (09:02 GMT)