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RNS Number : 3291B

Gulf Keystone Petroleum Ltd.

09 June 2021

9 June 2021

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

AGM update

Ahead of Gulf Keystone's Annual General Meeting on 18 June 2021, the Company is announcing the following information.

Total voting rights

At the close of business on 8 June 2021, Gulf Keystone had 213,731,117 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 213,731,117.

This follows the exercise on 4 June 2021 by Mr Sami Zouari, Gulf Keystone's former CFO, of all his vested nil-cost options under the 2016 Value Creation Plan, resulting in the issuance of 861,162 new common shares after satisfaction of the tax liability arising upon exercise.

The figure of 213,731,117 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.

Dividend per share

Based on the total voting rights figure, the $25 million annual dividend proposed at the AGM results in a dividend per share of 11.70 cents per common share, while the proposed $25 million special dividend also results in a dividend per share of 11.70 cents per common share.

Board Committee update

Garrett Soden, a non-independent Non-Executive Director, has stepped down as a member of the Audit and Risk Committee with immediate effect to conform to proxy advisor corporate governance guidelines requiring all members of the Audit and Risk Committee to be independent. The Committee will now comprise Martin Angle and Kimberley Wood, both independent Non-Executive Directors.

AGM video conference and shareholder questions

As previously announced, registered shareholders wishing to connect to the AGM video conference at 10am CET on 18 June 2021 are asked to register in advance with the Company's registrars, Computershare, as per the details contained in the Notice of AGM. Any shareholders who wish to ask a question for consideration at the AGM should send it in advance to ir@gulfkeystone.co.uk .

Enquiries:

 
 Gulf Keystone:                             +44 (0) 20 7514 1400 
 Aaron Clark, Head of Investor Relations    aclark@gulfkeystone.com 
 
 Celicourt Communications:                  + 44(0) 20 8434 2754 
 Mark Antelme                               GKP@Celicourt.uk 
  Jimmy Lea 
 

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

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June 09, 2021 05:37 ET (09:37 GMT)

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