REG-Gulf Keystone Petroleum Ltd Director / PDMR Shareholdings
29/09/2023 15:30
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Gulf Keystone Petroleum Ltd (GKP)
Director / PDMR Shareholdings
29-Sep-2023 / 15:25 GMT/BST
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29 September 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Director / PDMR Shareholdings
Gulf Keystone announces that it was informed on 29 September 2023 of the following share transactions with respect to persons discharging managerial
responsibilities ("PDMR"). With respect to the 2014 Long Term Incentive Plan ("LTIP"), the PDMRs have exercised their vested nil-cost share options
granted to them. All PDMRs sold a proportion of the vested award to pay the tax liability arising upon exercise.
Average Shareholding
Share Options Shares Shares price Date of Further Shares Price per share Date of Shareholding percentage
Name Position Option exercised sold retained per sale purchased/(sold) purchased/(sold) purchase post post
Scheme for tax share of (£) /sale transaction transaction
sale (£) (%)
Total – I.
Ian Weatherdon CFO 2014 1,190,379 561,444 628,935 1.010295 27-09-2023 - - - Weatherdon 0.30
LTIP
679,047*
Total – G.
Gabriel CCO 2014 532,835 251,313 281,522 1.010295 27-09-2023 1,121 1.013593 28-09-2023 Papineau-Legris 0.18
Papineau-Legris LTIP
400,000**
Total – A.
Alasdair CLO 2014 342,766 168,546 174,220 1.010295 27-09-2023 (84,091) 1.012428 28-09-2023 Robinson 0.07
Robinson LTIP
150,000**
* 50,112 common shares owned prior to transaction
** 117,357 common shares owned prior to transactions
*** 59,871 common shares owned prior to transactions
Enquiries:
Gulf Keystone: +44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
& Corporate Communications 1 aclark@gulfkeystone.com
FTI Consulting +44 (0) 20 3727 1000
Ben Brewerton
2 GKP@fticonsulting.com
Nick Hennis
or visit: 3 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 4 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.
Details of the person discharging managerial responsibilities / person closely associated
a) Name Ian Weatherdon
2 Reason for the notification
a) Position/status Chief Financial 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
Description of the financial instrument, type of instrument Common shares of $1.00 each in Gulf Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
1. Exercise of 1,190,379 nil-cost options pursuant to 2014 LTIP (2020 award)
b) Nature of the transaction
2. Sale of 561,444 shares to cover tax liability
Price(s) Volume(s)
0p 1,190,379
c) Price(s) and volume(s)
101.0295p 561,444
Aggregated information Price(s) Volume(s) Total
0p 1,190,379 £0
- Aggregated volume
d) - Price 101.0295p 561,444 £567,224.07
- Total
e) Date of the transaction 27 September 2023
f) Place of the transaction London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
1
a) Name Gabriel Papineau-Legris
2 Reason for the notification
a) Position/status Chief Commercial 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
Description of the financial instrument, type of instrument Common shares of $1.00 each in Gulf Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
1. Exercise of 532,835 nil-cost options pursuant to 2014 LTIP (2020 award)
b) Nature of the transaction
2. Sale of 251,313 shares to cover tax liability
Price(s) Volume(s)
0p 532,835
c) Price(s) and volume(s)
101.0295p 251,313
Aggregated information Price(s) Volume(s) Total
0p 532,835 £0
- Aggregated volume
d) - Price 101.0295p 251,313 £253,900.27
- Total
e) Date of the transaction 27 September 2023
f) Place of the transaction London Stock Exchange
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
Description of the financial instrument, type of instrument Common shares of $1.00 each in Gulf Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
1. Exercise of 342,766 Nil-cost options pursuant to 2014 LTIP (2020 award)
b) Nature of the transaction
2. Sale of 168,546 shares to cover tax liability
Price(s) Volume(s)
0p 342,766
c) Price(s) and volume(s)
101.0295p 168,546
Aggregated information Price(s) Volume(s) Total
0p 342,766 £0
- Aggregated volume
d) - Price 101.0295p 168,546 £170,281.18
- Total
e) Date of the transaction 27 September 2023
f) Place of the transaction London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
1
a) Name Gabriel Papineau-Legris
2 Reason for the notification
a) Position/status Chief Commercial 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
Description of the financial instrument, type of instrument Common shares of $1.00 each in Gulf Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
b) Nature of the transaction 1. Purchase of 1,121 common shares
Price(s) Volume(s)
c) Price(s) and volume(s) 101.3593p 1,121
Aggregated information
Price(s) Volume(s) Total
- Aggregated volume 101.3593p 1,121 £1,136.24
d) - Price
- Total
e) Date of the transaction 28 September 2023
f) Place of the transaction London Stock Exchange
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
Description of the financial instrument, type of instrument Common shares of $1.00 each in Gulf Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
b) Nature of the transaction 1. Sale of 84,091 common shares
Price(s) Volume(s)
c) Price(s) and volume(s) 101.2428p 84,091
Aggregated information
Price(s) Volume(s) Total
- Aggregated volume 101.2428p 84,091 £85,136.08
d) - Price
- Total
e) Date of the transaction 28 September 2023
f) Place of the transaction London Stock Exchange
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: BMG4209G2077
Category Code: MSCH
TIDM: GKP
LEI Code: 213800QTAQOSSTNTPO15
Sequence No.: 275011
EQS News ID: 1738451
End of Announcement EQS News Service
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References
Visible links
1. mailto:aclark@gulfkeystone.com
2. mailto:GKP@fticonsulting.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8d526d3701dabe9a2ff9507b71394df8&application_id=1738451&site_id=refinitiv&application_name=news
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