REG - Gulf Keystone Petrol - Director/PDMR Shareholding

Gulf Keystone PetroleumAnnouncement

14/04/2021 12:00

RNS Number : 4719V
  
Gulf Keystone Petroleum Ltd.
  
14 April 2021
  
 

                                                                                                                  
14 April 2021
Gulf Keystone Petroleum Limited
 
 
Director/PDMR Shareholdings
 
Gulf Keystone Petroleum Limited ("GKP" or the "Company") announces that it was informed on 13 April 2021 of the following transactions by persons discharging managerial responsibilities ("PDMR").
 
Mr Jon Harris, Chief Executive Officer, purchased 30,000 common shares in Gulf Keystone Petroleum Limited on 13 April 2021 at a price of 170.55p per share.  In total, Mr Harris owns 30,000 common shares in the Company representing 0.014% of the issued share capital.
 
Mr Gabriel Papineau-Legris, Chief Commercial Officer, purchased 10,000 common shares in Gulf Keystone Petroleum Limited on 12 April 2021 at an average price of 163.06p per share.  In total, when added to the shares retained pursuant to the exercise of share options detailed below, Mr Papineau-Legris owns 174,175 common shares in the Company representing 0.082% of the issued share capital.
 
In addition, the following PDMR have exercised their vested nil-cost share options granted to them under the 2014 Long Term Incentive Plan ("LTIP") and 2016 Staff Retention Plan ("SRP"). 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


Price per share of sale (£)


Date of sale


Shareholding post transaction


Shareholding percentage post transaction (%)




Jane Barker


HR Director


2014 LTIP


49,218


23,214


26,004


1.694000


13/4/21


26,004


0.01




Jane Barker


HR Director


2016 SRP


100,000


47,166


52,834


1.694000


13/4/21


52,834


0.03




































Total - J. Barker 78,838 


0.04




Stuart Catterall


COO


2014 LTIP


142,413


67,170


75,243


1.650000


13/4/21


75,243


0.04




Stuart Catterall


COO


2016 SRP


250,000


117,913


132,087


1.650000


13/4/21


132,087


0.06




































Total - S. Catterall
207,330 
 


0.10




Gabriel Papineau-Legris


CCO


2014 LTIP


78,953


37,239


41,714
 


1.694000


13/4/21


41,714


0.02




Gabriel Papineau-Legris


CCO


2016 SRP


175,000


82,539


92,461


1.692000


13/4/21


92,461


0.04




































Total - G. Papineau-Legris
174,175*


0.08




Alasdair Robinson


Legal Director


2014 LTIP


82,030


39,513


42,517


1.638252


12/4/21


42,517


0.02




































Total - A. Robinson
42,517


0.02



 
 
*includes 40,000 common shares owned through share purchases
 
Enquiries:
 



Celicourt Communications:


+ 44(0) 20 8434 2754




Mark Antelme
Jimmy Lea







 
or visit: 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.
 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name


Jon Harris




2


Reason for the notification




a)


Position/status


Chief Executive 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 $1.00 each in Gulf Keystone Petroleum Limited
 
ISIN: BMG4209G2077




b)


Nature of the transaction


Acquisition
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




170.55p


 30,000








d)


Aggregated information



-


Aggregated volume




-


Price






 (single transaction)
30,000

170.55p




e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated
 




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




a)


Description of the financial instrument, type of instrument
 Identification code


Common shares of $1.00 each in Gulf Keystone Petroleum Limited
 
ISIN: BMG4209G2077




b)


Nature of the transaction


Acquisition
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




163.17
162.88
 


6,200
3,800
 








d)


Aggregated information



-


Aggregated volume




-


Price






 
10,000

163.06p




e)


Date of the transaction


12 April 2021




f)


Place of the transaction


London Stock Exchange



 
 
 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Jane Barker 




2


Reason for the notification




a)


Position/status


HR Director 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1.   Exercise of 49,218 Nil-cost options pursuant to 2014 LTIP (2018 award) 
2.   Sale of 23,214 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1.   0p


1.   49,218




 Price


No. of shares




2.   169.4p


3.   23,214








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1.   Price


1.   Volume 


2.   Total




1.   0p


1.   49,218


1.   £0


















2.   Price


2.   Volume


2.   Total




2.   169.4p


2.   23,214


2.   £39,324








e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Jane Barker 




2


Reason for the notification




a)


Position/status


HR Director 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1.   Exercise of 100,000 Nil-cost options pursuant to 2016 SRP
2.   Sale of 47,166 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1.   0p


1.   100,000




 Price


No. of shares




2.   169.4p


2.   47,166








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1.   Price


1.   Volume 


1.   Total




1.   0p


1.   100,000


1.   £0


















2.   Price


2.   Volume


2.   Total




2.   169.4p


2.   47,166


2.   £79,899








e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Stuart Catterall 




2


Reason for the notification




a)


Position/status


COO 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1    Exercise of 142,413 Nil-cost options pursuant to 2014 LTIP (2018 award) 
2    Sale of 67,170 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1    0p


1    142,413




 Price


No. of shares




2    165.0p


2    67,170








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1    Price


1    Volume 


1    Total




1    0p


1    142,413


1    £0


















2    Price


2    Volume


2    Total




2    165.0p


2    67,170


2.   £110,830








e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Stuart Catterall 




2


Reason for the notification




a)


Position/status


COO 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1    Exercise of 250,000 Nil-cost options pursuant to 2016 SRP
2    Sale of 117,913 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1    0p


1    250,000




 Price


No. of shares




2    165.0p


2    117,913








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1    Price


1    Volume 


1    Total




1    0p


1    250,000


1    £0


















2    Price


2    Volume


2    Total




2    165.0p


2    117,913


2.   £194,556








e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gabriel Papineau-Legris 




2


Reason for the notification




a)


Position/status


CCO 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1    Exercise of 78,953 Nil-cost options pursuant to 2014 LTIP (2018 award) 
2    Sale of 37,329 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1    0p


1    78,953




 Price


No. of shares




2    169.4p


2    37,329








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1    Price


1    Volume 


1    Total




1    0p


1    78,953


1    £0


















2    Price


2    Volume


2    Total




2    169.4p


2    37,329


2.   £63,235








e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gabriel Papineau-Legris 




2


Reason for the notification




a)


Position/status


CCO 




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1    Exercise of 175,000 Nil-cost options pursuant to 2016 SRP
2    Sale of 82,539 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1    0p


1    175,000




 Price


No. of shares




2    169.2p


2    82,539








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1    Price


1    Volume 


1    Total




1    0p


1    175,000


1    £0


















2    Price


2    Volume


2    Total




2    169.2p


2    82,539


2.   £139,655








e)


Date of the transaction


13 April 2021




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


Legal Director




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 $1.00 each
 
 
ISIN: BMG4209G2077




b)


Nature of the transaction


1    Exercise of 82,030 Nil-cost options pursuant to 2014 LTIP (2018 award) 
2    Sale of 39,513 shares to cover tax liability
 
 




c)


Price(s) and volume(s)





 Price


No. of shares




1    0p


1    82,030




 Price


No. of shares




2    163.82p


2    39,513








d)


Aggregated information
- volume
- Price
- Total
 


 
 



1    Price


1    Volume 


1    Total




1    0p


1    82,030


1    £0


















2    Price


2    Volume


2    Total




2    163.82p


2    39,513


2.   £64,732








e)


Date of the transaction


12 April 2021




f)


Place of the transaction


London Stock Exchange



 

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