TIDMGKP
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 Options Shares Shares Price Date Shareholding Shareholding
Option exercised sold retained per of post percentage
Scheme for share sale transaction post
tax of sale transaction
(GBP) (%)
Jane HR 2014
Barker Director LTIP 49,218 23,214 26,004 1.694000 13/4/21 26,004 0.01
---------- -------- ---------- -------- --------- --------- -------- ---------------- -------------
Jane HR 2016
Barker Director SRP 100,000 47,166 52,834 1.694000 13/4/21 52,834 0.03
---------- -------- ---------- -------- --------- --------- -------- ---------------- -------------
Total -
J. Barker
78,838 0.04
------------------------------------- ---------- -------- --------- --------- -------- ---------------- -------------
Stuart 2014
Catterall COO LTIP 142,413 67,170 75,243 1.650000 13/4/21 75,243 0.04
---------- -------- ---------- -------- --------- --------- -------- ---------------- -------------
Stuart 2016
Catterall COO SRP 250,000 117,913 132,087 1.650000 13/4/21 132,087 0.06
---------- -------- ---------- -------- --------- --------- -------- ---------------- -------------
Total -
S. Catterall
207,330 0.10
------------------------------------- ---------- -------- --------- --------- -------- ---------------- -------------
Gabriel 2014
Papineau-Legris CCO LTIP 78,953 37,239 41,714 1.694000 13/4/21 41,714 0.02
---------- -------- ---------- -------- --------- --------- -------- ---------------- -------------
Gabriel 2016
Papineau-Legris CCO 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 Legal 2014
Robinson Director 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 Common shares of $1.00 each in Gulf Keystone Petroleum
instrument Limited
Identification code
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 (single transaction)
- Price 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 Common shares of $1.00 each in Gulf Keystone
instrument Petroleum Limited
Identification code
ISIN: BMG4209G2077
-------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Acquisition
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
163.17 6,200
162.88 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 Initial notification
notification
/Amendment
------------------ -------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ -------------------------------------------------------
b) Nature of 1. Exercise of 49,218 Nil-cost options pursuant
the transaction to 2014 LTIP (2018 award)
2. Sale of 23,214 shares to cover tax liability
------------------ -------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1. 0p 1. 49,218
---------------
Price No. of shares
---------------
2. 169.4p 3. 23,214
---------------
------------------ -------------------------------------------------------
d) Aggregated
information 1. Price 1. Volume 2. Total
- volume 1. 0p 1. 49,218 1. GBP0
- Price --------------- ------------------
- Total
2. Price 2. Volume 2. Total
--------------- ------------------
2. 169.4p 2. 23,214 2. GBP39,324
--------------- ------------------
------------------ -------------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ -------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ -------------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ --------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ --------------------------------------------------------
b) Nature of 1. Exercise of 100,000 Nil-cost options pursuant
the transaction to 2016 SRP
2. Sale of 47,166 shares to cover tax liability
------------------ --------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1. 0p 1. 100,000
----------------
Price No. of shares
----------------
2. 169.4p 2. 47,166
----------------
------------------ --------------------------------------------------------
d) Aggregated
information 1. Price 1. Volume 1. Total
- volume 1. 0p 1. 100,000 1. GBP0
- Price ---------------- ------------------
- Total
2. Price 2. Volume 2. Total
---------------- ------------------
2. 169.4p 2. 47,166 2. GBP79,899
---------------- ------------------
------------------ --------------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ --------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ --------------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ -------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ -------------------------------------------------------
b) Nature of 1 Exercise of 142,413 Nil-cost options pursuant
the transaction to 2014 LTIP (2018 award)
2 Sale of 67,170 shares to cover tax liability
------------------ -------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1 0p 1 142,413
---------------
Price No. of shares
---------------
2 165.0p 2 67,170
---------------
------------------ -------------------------------------------------------
d) Aggregated
information 1 Price 1 Volume 1 Total
- volume 1 0p 1 142,413 1 GBP0
- Price --------------- -------------------
- Total
2 Price 2 Volume 2 Total
--------------- -------------------
2 165.0p 2 67,170 2. GBP110,830
--------------- -------------------
------------------ -------------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ -------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ -------------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ -------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ -------------------------------------------------------
b) Nature of 1 Exercise of 250,000 Nil-cost options pursuant
the transaction to 2016 SRP
2 Sale of 117,913 shares to cover tax liability
------------------ -------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1 0p 1 250,000
---------------
Price No. of shares
---------------
2 165.0p 2 117,913
---------------
------------------ -------------------------------------------------------
d) Aggregated
information 1 Price 1 Volume 1 Total
- volume 1 0p 1 250,000 1 GBP0
- Price --------------- -------------------
- Total
2 Price 2 Volume 2 Total
--------------- -------------------
2 165.0p 2 117,913 2. GBP194,556
--------------- -------------------
------------------ -------------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ -------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ -------------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ -----------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ -----------------------------------------------------
b) Nature of 1 Exercise of 78,953 Nil-cost options pursuant
the transaction to 2014 LTIP (2018 award)
2 Sale of 37,329 shares to cover tax liability
------------------ -----------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1 0p 1 78,953
--------------
Price No. of shares
--------------
2 169.4p 2 37,329
--------------
------------------ -----------------------------------------------------
d) Aggregated
information 1 Price 1 Volume 1 Total
- volume 1 0p 1 78,953 1 GBP0
- Price -------------- ------------------
- Total
2 Price 2 Volume 2 Total
-------------- ------------------
2 169.4p 2 37,329 2. GBP63,235
-------------- ------------------
------------------ -----------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ -----------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ -----------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ -------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ -------------------------------------------------------
b) Nature of 1 Exercise of 175,000 Nil-cost options pursuant
the transaction to 2016 SRP
2 Sale of 82,539 shares to cover tax liability
------------------ -------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1 0p 1 175,000
---------------
Price No. of shares
---------------
2 169.2p 2 82,539
---------------
------------------ -------------------------------------------------------
d) Aggregated
information 1 Price 1 Volume 1 Total
- volume 1 0p 1 175,000 1 GBP0
- Price --------------- -------------------
- Total
2 Price 2 Volume 2 Total
--------------- -------------------
2 169.2p 2 82,539 2. GBP139,655
--------------- -------------------
------------------ -------------------------------------------------------
e) Date of 13 April 2021
the transaction
------------------ -------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ -------------------------------------------------------
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 Initial notification
notification
/Amendment
------------------ ------------------------------------------------------
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 Common shares of $1.00 each
of the financial
instrument,
type of ISIN: BMG4209G2077
instrument
Identification
code
------------------ ------------------------------------------------------
b) Nature of 1 Exercise of 82,030 Nil-cost options pursuant
the transaction to 2014 LTIP (2018 award)
2 Sale of 39,513 shares to cover tax liability
------------------ ------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 1 0p 1 82,030
--------------
Price No. of shares
--------------
2 163.82p 2 39,513
--------------
------------------ ------------------------------------------------------
d) Aggregated
information 1 Price 1 Volume 1 Total
- volume 1 0p 1 82,030 1 GBP0
- Price -------------- ------------------
- Total
2 Price 2 Volume 2 Total
-------------- ------------------
2 163.82p 2 39,513 2. GBP64,732
-------------- ------------------
------------------ ------------------------------------------------------
e) Date of 12 April 2021
the transaction
------------------ ------------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------ ------------------------------------------------------
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END
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