Completion of Buyback ProgrammeSource: RNS
02 September 2019
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Completion of Initial US$15 million Buyback Programme
Gulf Keystone Petroleum is pleased to announce that following the purchase of ordinary shares on 30 August 2019, the Company's initial US$15 million share buyback programme announced on 8 July 2019 was completed.
In aggregate, between 8 July 2019 and 30 August 2019, the Company repurchased 5,225,933 ordinary shares at a VWAP of 234.00 pence per share.
Following the above transaction, the Company's issued share capital comprises 229,429,566 ordinary shares, of which 5,225,933 ordinary shares are held in treasury. The Company now has a total of 224,203,633 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.
The Company will update the market once it has initiated the remainder of the buyback programme up to a maximum of US$25 million as announced 8 July 2019.
+ 44(0) 20 8434 2754
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
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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