REG - Gulf Keystone Petrol - Director / PDMR Shareholdings

Gulf Keystone PetroleumAnnouncement

11/04/2022 16:00

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RNS Number : 0096I  Gulf Keystone Petroleum Ltd.  11 April 2022

 

11 April 2022

Gulf Keystone Petroleum Limited

 

 

Director/PDMR Shareholdings

 

Gulf Keystone Petroleum Limited ("GKP" or the "Company") announces that it was
informed on 8 April 2022 that the following persons discharging managerial
responsibilities ("PDMR") have exercised their vested nil-cost share options
granted to them 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  Price per share of sale (£)   Date of sale  Shareholding post transaction  Shareholding percentage post transaction (%)
 Gabriel Papineau-Legris  CCO       2014 LTIP            33,651             16,294               17,357           2.391671                      08/04/22      17,357

                                                                                                                                                              Total - G. Papineau-Legris     0.05

                                                                                                                                                              117,357*
 Alasdair Robinson        CLO       2014 LTIP            34,314             16,960               17,354           2.392656                      08/04/22      17,354
                                                                                                                                                              Total - A. Robinson            0.03

                                                                                                                                                              59,871**

 

 

* 70,000 common shares owned through past incentive plans and 30,000 common
shares owned through share purchases

** 42,517 common shares owned through past incentive plans

 

Total voting rights

At the close of business on 8 April 2022, Gulf Keystone had 214,431,117 common
shares of $1.00 each in issue, none of which were held in Treasury. Therefore,
the total number of voting rights in the Company was 214,431,117.

 

This follows the issue of 700,000 new common shares on 6(th) April 2022 to
satisfy exercises under the Company's Long Term Incentive Plan following the
vesting of the 2019 award.

 

The figure of 214,431,117 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Gulf Keystone under the
UK Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

Enquiries:

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

 Celicourt Communications:                  +44 (0) 20 8434 2754
 Mark Antelme                               GKP@Celicourt.uk (mailto:GKP@Celicourt.uk)

 Jimmy Lea

 

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/)

 

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                                                         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  Common shares of $1.00 each in Gulf Keystone Petroleum Limited

      Identification code

                                                                  ISIN: BMG4209G2077
 b)  Nature of the transaction                                    1.   Exercise of 33,651 Nil-cost options pursuant to 2014 LTIP (2019 award)

                                                                  2.   Sale of 16,294 shares to cover tax liability
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  0p          33,651

                                                                  239.1671p   16,294

 
 d)  Aggregated information                                       Price(s)    Volume(s)                     Total

- Aggregated volume                                         0p           33,651                         £0
     - Price

     - Total

                                                            239.1671p        16,294                     £38,970

 

 
 e)  Date of the transaction                                      08 April 2021
 f)  Place of the transaction                                     London Stock Exchange

 

d)

Aggregated information

 -  Aggregated volume
 -  Price
 -  Total

 

 Price(s)    Volume(s)                     Total
 0p           33,651                         £0

 239.1671p        16,294                     £38,970

 

e)

Date of the transaction

08 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                                              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  Common shares of $1.00 each

      Identification code

                                                                   ISIN: BMG4209G2077
 b)   Nature of the transaction                                    1    Exercise of 34,314 Nil-cost options pursuant to 2014 LTIP (2019 award)

                                                                   2    Sale of 16,960 shares to cover tax liability
 c)   Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                   0p          34,314

                                                                   239.2656p   16,960

 
 d)   Aggregated information                                       Price(s)    Volume(s)                     Total

- Aggregated volume                                         0p           34,314                         £0
      - Price

      - Total

                                                            239.2656p        16,960                     £40,579

 

 
 e)   Date of the transaction                                      08 April 2022
 f)   Place of the transaction                                     London Stock Exchange

 

d)

Aggregated information

 -  Aggregated volume
 -  Price
 -  Total

 

 Price(s)    Volume(s)                     Total
 0p           34,314                         £0

 239.2656p        16,960                     £40,579

 

e)

Date of the transaction

08 April 2022

f)

Place of the transaction

London Stock Exchange

 

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