Last checked at 30 Sep 2019 17:18
30 September 2019
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 8 July and 2 September 2019.
Date of purchase | 30 September 2019 |
Number of Ordinary Shares purchased | 172,660 shares |
Highest price paid per Ordinary Share | 231.50 pence |
Lowest price paid per Ordinary Shares | 228.00 pence |
Volume weighted average price per Ordinary Share | 230.48 pence |
Following the repurchase of the shares set out above, the Company's issued share capital consists of 229,429,566 Ordinary Shares. 7,587,398 Ordinary shares are held in Treasury. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 221,842,168 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.
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 ordinary shares by the Company, which were all executed through the Company's broker, Peel Hunt LLP, are set out below:
Individual transactions:
Number of shares purchased | Transaction price (pence per share) | Time of transaction | Trading venue |
31,265 | 228.00 | 11:23:11 | London Stock Exchange |
60,000 | 231.50 | 14:05:58 | London Stock Exchange |
18,998 | 231.43 | 14:12:21 | London Stock Exchange |
62,397 | 230.45 | 16:19:20 | 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.