REG-Gulf Keystone Petroleum Ltd Issue under the Deferred Bonus Plan ('DBP')

Gulf Keystone PetroleumAnnouncement

01/04/2025 16:45

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   Gulf Keystone Petroleum Ltd (GKP)
   Issue under the Deferred Bonus Plan ('DBP')

   01-Apr-2025 / 16:37 GMT/BST

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   1 April 2025

                                        

                                        

                    Gulf Keystone Petroleum Ltd. (LSE: GKP)

                   (“Gulf Keystone”, “GKP” or “the Company”)

                                        

                  Issue under the Deferred Bonus Plan ("DBP")

                          Director/PDMR Shareholdings

    

    

   At the Company's AGM in June 2024, shareholders approved the Gulf Keystone
   Petroleum 2024 DBP. This provides for 30% of the annual bonus attributable
   to executive directors to be paid in  the form of nil cost options.  These
   will vest after  three years.  There are no  performance conditions  other
   than the executive director must continue  to be employed for this  period
   (subject to certain limited exceptions).

    

   The following awards were made on 26 March 2025 and the vesting date is 26
   March 2028,  being the  third anniversary  from the  annual bonus  payroll
   date.

    

    

   Name                    Position                Number of awards
   Jon Harris              Chief Executive Officer 67,810
   Gabriel Papineau-Legris Chief Financial Officer 21,801

    

    

    

   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.

    

   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
   b) Nature of the transaction          Grant of nil cost award under the
                                         Deferred Bonus Plan
                                         Price(s) Volume(s)
   c) Price(s) and volume(s)             Nil      67,810

                                          
      Aggregated information              

   d) - Aggregated volume                Single transaction as in 4c) above.
      - Price
                                         Nil consideration
       
   e) Date of the transaction            26 March 2025
   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
      Description of the financial       Common shares of $1.00 each in Gulf
      instrument, type of instrument     Keystone Petroleum Limited
   a)
                                          

      Identification code                ISIN: BMG4209G2077
   b) Nature of the transaction          Grant of nil cost award under the
                                         Deferred Bonus Plan
                                         Price(s) Volume(s)
   c) Price(s) and volume(s)             Nil      21,801

                                          
      Aggregated information              

   d) - Aggregated volume                Single transaction as in 4c) above.
      - Price
                                         Nil consideration
       
   e) Date of the transaction            26 March 2025
   f) Place of the transaction           Outside a trading venue

    

    

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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: MSCM
   TIDM:          GKP
   LEI Code:      213800QTAQOSSTNTPO15
   Sequence No.:  380848
   EQS News ID:   2110138


    
   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=2110138&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6965f2bb1ddcf50ad2dd09b21a93cfc7&application_id=2110138&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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