Gulf Keystone Petroleum Ltd (GKP)
Director / PDMR Shareholdings
29-Sep-2023 / 15:25 GMT/BST
29 September 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Director / PDMR Shareholdings
Gulf Keystone announces that it was informed on 29 September 2023 of the following share transactions with respect to persons discharging managerial responsibilities ("PDMR"). With respect to the 2014 Long Term Incentive Plan ("LTIP"), the PDMRs have exercised their vested nil-cost share options granted to them. All PDMRs sold a proportion of the vested award to pay the tax liability arising upon exercise.
Name
Position
Share Option Scheme
Options exercised
Shares sold for tax
Shares retained
Average price per share of sale (£)
Date of sale
Further Shares purchased/(sold)
Price per share purchased/(sold) (£)
Date of purchase /sale
Shareholding post transaction
Shareholding percentage post transaction (%)
Ian Weatherdon
CFO
2014 LTIP
1,190,379
561,444
628,935
1.010295
27-09-2023
-
-
-
Total – I. Weatherdon
679,047*
0.30
Gabriel Papineau-Legris
CCO
2014 LTIP
532,835
251,313
281,522
1.010295
27-09-2023
1,121
1.013593
28-09-2023
Total – G. Papineau-Legris
400,000**
0.18
Alasdair Robinson
CLO
2014 LTIP
342,766
168,546
174,220
1.010295
27-09-2023
(84,091)
1.012428
28-09-2023
Total – A. Robinson
150,000**
0.07
* 50,112 common shares owned prior to transaction
** 117,357 common shares owned prior to transactions
*** 59,871 common shares owned prior to transactions
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
Corporate Communications
FTI Consulting
+44 (0) 20 3727 1000
Ben Brewerton
Nick Hennis
or visit: 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
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.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ian Weatherdon
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
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
Exercise of 1,190,379 nil-cost options pursuant to 2014 LTIP (2020 award)Sale of 561,444 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
101.0295p
1,190,379
561,444
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
101.0295p
1,190,379 £0
561,444 £567,224.07
e)
Date of the transaction
27 September 2023
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
Exercise of 532,835 nil-cost options pursuant to 2014 LTIP (2020 award)
2. Sale of 251,313 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
101.0295p
532,835
251,313
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
101.0295p
532,835 £0
251,313 £253,900.27
e)
Date of the transaction
27 September 2023
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
Identification code
Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
b)
Nature of the transaction
Exercise of 342,766 Nil-cost options pursuant to 2014 LTIP (2020 award)
2. Sale of 168,546 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
101.0295p
342,766
168,546
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
101.0295p
342,766 £0
168,546 £170,281.18
e)
Date of the transaction
27 September 2023
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
1. Purchase of 1,121 common shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
101.3593p
1,121
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
101.3593p
1,121 £1,136.24
e)
Date of the transaction
28 September 2023
f)
Place of the transaction
London Stock Exchange
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
Identification code
Common shares of $1.00 each in Gulf Keystone Petroleum Limited
ISIN: BMG4209G2077
b)
Nature of the transaction
1. Sale of 84,091 common shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
101.2428p
84,091
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
101.2428p
84,091 £85,136.08
e)
Date of the transaction
28 September 2023
f)
Place of the transaction
London Stock Exchange
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: BMG4209G2077 Category Code: MSCH TIDM: GKP LEI Code: 213800QTAQOSSTNTPO15 Sequence No.: 275011 EQS News ID: 1738451
End of Announcement EQS News Service