REG-Gulf Keystone Petroleum Limited Long Term Incentive Plan (“LTIP”) Award
Today 16:45
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Gulf Keystone Petroleum Limited (GKP)
Long Term Incentive Plan (“LTIP”) Award
08-Apr-2026 / 16:40 GMT/BST
The issuer is solely responsible for the content of this announcement.
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8 April 2026
Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Long Term Incentive Plan (“LTIP”) Award
Director/PDMR Shareholdings
LTIP
Gulf Keystone announces that, pursuant to the Gulf Keystone Petroleum 2024
Long Term Incentive Plan (“LTIP”), on 1 April 2026 (the “Award Date”)
awards over common shares (“2026 Awards”) were granted to employees and
the persons discharging managerial responsibilities ("PDMRs") listed
below.
The LTIP was approved by the Company’s shareholders at the Company's
Annual General Meeting held on 21 June 2024. These are the third awards to
be made under the plan and are in accordance with the agreed annual issue
cycle which follows release of the Company’s full year results. The awards
have been made to eligible employees of the wider workforce, including to
employees in Kurdistan.
The quantum of 2026 Awards was determined based on a price of 213p being
the closing mid-market price of the Company on 31 March 2026. The vesting
date for the 2026 Awards is 1 April 2029, being the third anniversary from
the Award Date. The 2026 Awards are in the form of nil cost options and no
consideration is payable for the grant of an award.
Performance Conditions
Vesting of the 2026 Awards is subject to performance conditions which
include the requirement for both absolute and relative total shareholder
return (“TSR”) targets being met. For the 2026 Awards, TSR will be
measured over the three financial years of the Company commencing in the
year of the Grant Date. In accordance with recent governance guidelines,
the Remuneration Committee has the discretion to review vesting outcomes
to ensure a fair reflection of performance.
Awards
The following PDMRs have been granted 2026 Awards under the LTIP:
Name Position Number of awards
Jon Harris Chief Executive Officer 495,861
Gabriel Papineau-Legris Chief Financial Officer 284,781
John Hulme Chief Operating Officer 172,812
Clare Kinahan Chief HR Officer 112,992
Alasdair Robinson Chief Legal Officer 112,397
Staff Awards
In addition to the above, a total of 2,012,925 awards in aggregate have
also been granted to eligible employees who are not PDMRs. For lower grade
staff only, awards are made on a time vested basis without performance
conditions, and will vest one third/one third/one third over three years
subject to certain conditions including continuation of employment. Of the
2,012,925 awards detailed above, 661,505 of these are time vested awards.
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 & OSE: 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 information is subject to the disclosure requirements in Regulation
EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian
Securities Trading Act.
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
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial Common shares of $1.00 each in Gulf
instrument, type of instrument Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
Grant of nil cost award under the
b) Nature of the transaction Gulf Keystone Petroleum 2024 Long
Term Incentive Plan
Price(s) Volume(s)
c) Price(s) and volume(s) Nil 495,861
Aggregated information
d) - Aggregated volume Single transaction as in 4c) above.
- Price
Nil consideration
e) Date of the transaction 1 April 2026
f) Place of the transaction Outside a trading venue
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 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
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Common shares of $1.00 each in Gulf
Description of the financial Keystone Petroleum Limited
a) instrument, type of instrument
Identification code
ISIN: BMG4209G2077
Grant of nil cost award under the
Gulf Keystone Petroleum 2024 Long
b) Nature of the transaction Term Incentive Plan
Price(s) Volume(s)
c) Price(s) and volume(s) nil 284,781
Aggregated information
d) - Aggregated volume Single transaction as in 4c) above.
- Price
Nil consideration
e) Date of the transaction 1 April 2026
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name John Hulme
2 Reason for the notification
a) Position/status Chief Operating 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
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial Common shares of $1.00 each in Gulf
instrument, type of instrument Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
Grant of nil cost award under the
b) Nature of the transaction Gulf Keystone Petroleum 2024 Long
Term Incentive Plan
Price(s) Volume(s)
c) Price(s) and volume(s) Nil 172,812
Aggregated information
d) - Aggregated volume Single transaction as in 4c) above.
- Price
Nil consideration
e) Date of the transaction 1 April 2026
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Clare Kinahan
2 Reason for the notification
a) Position/status Chief HR 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
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial Common shares of $1.00 each in Gulf
instrument, type of instrument Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
Grant of nil cost award under the
b) Nature of the transaction Gulf Keystone Petroleum 2024 Long
Term Incentive Plan
Price(s) Volume(s)
c) Price(s) and volume(s) Nil 112,992
Aggregated information
d) - Aggregated volume Single transaction as in 4c) above.
- Price
Nil consideration
e) Date of the transaction 1 April 2026
f) Place of the transaction Outside a trading venue
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
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial Common shares of $1.00 each in Gulf
instrument, type of instrument Keystone Petroleum Limited
a)
Identification code ISIN: BMG4209G2077
Grant of nil cost award under the
b) Nature of the transaction Gulf Keystone Petroleum 2024 Long
Term Incentive Plan
Price(s) Volume(s)
c) Price(s) and volume(s) Nil 112,397
Aggregated information
d) - Aggregated volume Single transaction as in 4c) above.
- Price
Nil consideration
e) Date of the transaction 1 April 2026
f) Place of the transaction Outside a trading venue
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Dissemination of a Regulatory Announcement, transmitted by 5 EQS Group.
The issuer is solely responsible for the content of this announcement.
View original content: 6 EQS News
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ISIN: BMG4209G2077
Category Code: DSH
TIDM: GKP
LEI Code: 213800QTAQOSSTNTPO15
Sequence No.: 423374
EQS News ID: 2305324
End of Announcement EQS News Service
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References
Visible links
1. mailto:aclark@gulfkeystone.com
2. mailto:GKP@fticonsulting.com
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