REG - Gulf Keystone Petrol - Completion of Share Buyback Programme

Gulf Keystone PetroleumAnnouncement

24/07/2024 07:15

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RNS Number : 5483X  Gulf Keystone Petroleum Ltd.  24 July 2024

 

24 July 2024

 

 

Gulf Keystone Petroleum Ltd. (LSE: GKP)

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

 

Completion of Share Buyback Programme

 

 

Gulf Keystone, a leading independent operator and producer in the Kurdistan
Region of Iraq, announces that following the purchase of common shares of
US$1.00 each in the Company ("Shares") on 23 July 2024, the Company's share
buyback programme (the "Buyback Programme"), as announced on 13 May 2024 and
21 June 2024, has been completed.

 

Over the course of the Buyback Programme between 13 May 2024 and 23 July 2024,
Gulf Keystone has acquired in aggregate 5,676,774 Shares for a total
consideration of $10 million, at a volume weighted average price of 139.82
pence per share. Combined with the recent $15 million interim dividend, Gulf
Keystone has declared distributions to shareholders of $25 million in 2024
year to date.

 

All purchases made under the Buyback Programme were made through the Company's
brokers, Canaccord Genuity Limited and Peel Hunt LLP.

 

Following the cancellation of the repurchased Shares on 23 July 2024, the
Company will have 217,021,881 Shares in issue, with no Shares held in
treasury. Therefore, the total number of Shares carrying voting rights will be
217,021,881.

 

 

 

Enquiries:

 Gulf Keystone:                           +44 (0) 20 7514 1400
 Aaron Clark, Head of Investor Relations  aclark@gulfkeystone.com (mailto:aclark@gulfkeystone.com)

 & Corporate Communications

 FTI Consulting                           +44 (0) 20 3727 1000
 Ben Brewerton                            GKP@fticonsulting.com (mailto:GKP@fticonsulting.com)

 Nick Hennis

 

or visit: www.gulfkeystone.com (http://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
(http://www.gulfkeystone.com/)

 

 

 

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