Gulf Keystone Petroleum Ltd (GKP)
Director / PDMR Shareholding
22-Apr-2024 / 12:29 GMT/BST
22 April 2024
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Director / PDMR Shareholding
Gulf Keystone announces that it was informed on 19 April 2024 of the following transaction by persons discharging managerial responsibilities ("PDMR").
Mr Alasdair Robinson, Chief Legal Officer, exercised 26,408 vested nil-cost share options granted under the 2014 Long Term Incentive Plan ("LTIP"). 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 Option Scheme
Options exercised
Shares sold for tax
Shares retained
Average price per share of sale (£)
Date of sale
Shareholding post transaction
Shareholding percentage post transaction (%)
Alasdair Robinson
CLO
2014 LTIP
26,408
13,251
13,157
1.087
19-04-2024
Total – A. Robinson
163,157
0.07
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
& Corporate Communications
aclark@gulfkeystone.com
FTI Consulting
+44 (0) 20 3727 1000
Ben Brewerton
Nick Hennis
GKP@fticonsulting.com
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 websitewww.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
Alasdair Robinson
2
Reason for the notification
a)
Position/status
Chief Legal Officer
b)
Initial notification/Amendment
Initial notification
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 of the financial instrument, type of instrument
Identification code
Common shares of$1.00each inGulf Keystone Petroleum Limited
ISIN:BMG4209G2077
b)
Nature of the transaction
Exercise of 26,408 Nil-cost options pursuant to 2014 LTIP (2021 award)
2.Sale of 13,251 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
108.7p
26,408
13,251
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
108.7p
26,408£0
13,251£14,403.84
e)
Date of the transaction
19 April 2024
f)
Place of the transaction
London Stock Exchange
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Gulf Keystone Petroleum Limited is a holding company, which is engaged in oil and gas exploration, development and production. The Company operates in the Kurdistan Region of Iraq. The Company is the operator of the Shaikan Field, situated around 60 kilometers to the north-west of Erbil, the city in the Kurdistan Region of Iraq, and covering an area of 280 square kilometers (km2). The Company has a Production Sharing Contract with the Kurdistan Regional Government and has an 80% working interest in the Shaikan license. The Company's subsidiaries include Gulf Keystone Petroleum (UK) Limited and Gulf Keystone Petroleum International Limited. Gulf Keystone Petroleum (UK) Limited is engaged in management, support, geological, geophysical and engineering services. Gulf Keystone Petroleum International Limited is focused on exploration, evaluation, development and production activities in Kurdistan.