TIDMGKP

RNS Number : 0096I

Gulf Keystone Petroleum Ltd.

11 April 2022

11 April 2022

Gulf Keystone Petroleum Limited

Director/PDMR Shareholdings

Gulf Keystone Petroleum Limited ("GKP" or the "Company") announces that it was informed on 8 April 2022 that the following persons discharging managerial responsibilities ("PDMR") have exercised their vested nil-cost share options granted to them under the 2014 Long Term Incentive Plan ("LTIP"). 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 sale   post              percentage 
                                 Scheme                for                 share                transaction       post 
                                                       tax                 of sale                                transaction 
                                                                           (GBP)                                  (%) 
 Gabriel                        2014 
  Papineau-Legris   CCO          LTIP     33,651      16,294   17,357     2.391671   08/04/22   17,357 
                   ----------  --------  ----------  -------  ---------  ---------  ---------  ----------------  ------------- 
                                                                                                Total 
                                                                                                - G. 
                                                                                                Papineau-Legris 
                                                                                                117,357*          0.05 
  -------------------------------------  ----------  -------  ---------  ---------  ---------  ----------------  ------------- 
 Alasdair                       2014 
  Robinson          CLO          LTIP     34,314      16,960   17,354     2.392656   08/04/22   17,354 
                   ----------  --------  ----------  -------  ---------  ---------  ---------  ----------------  ------------- 
                                                                                                Total 
                                                                                                 - A. Robinson 
                                                                                                 59,871**         0.03 
  -------------------------------------  ----------  -------  ---------  ---------  ---------  ----------------  ------------- 
 

* 70,000 common shares owned through past incentive plans and 30,000 common shares owned through share purchases

** 42,517 common shares owned through past incentive plans

Total voting rights

At the close of business on 8 April 2022, Gulf Keystone had 214,431,117 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 214,431,117.

This follows the issue of 700,000 new common shares on 6(th) April 2022 to satisfy exercises under the Company's Long Term Incentive Plan following the vesting of the 2019 award.

The figure of 214,431,117 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.

Enquiries:

 
Gulf Keystone:              +44 (0) 20 7514 1400 
Aaron Clark, Head           aclark@gulfkeystone.com 
 of Investor Relations 
 
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

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                                                      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 Petroleum 
      instrument                                                Limited 
      Identification code 
                                                                ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                      1. Exercise of 33,651 Nil-cost options pursuant 
                                                                     to 2014 LTIP (2019 award) 
                                                                     2. Sale of 16,294 shares to cover tax liability 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)    Volume(s) 
                                                                 0p          33,651 
                                                                  239.1671p   16,294 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                Price(s)     Volume(s) Total 
       -  Price                                                  0p              33,651 GBP0 
       -  Total                                                   239.1671p    16,294 GBP38,970 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   08 April 2021 
     --------------------------------------------------------  ------------------------------------------------------- 
 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                         Initial 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 of the                           Common shares of $1.00 each 
       financial instrument, 
       type of instrument                           ISIN: BMG4209G2077 
       Identification code 
     -------------------------------------------  ------------------------------------------- 
 b)   Nature of the transaction                         1 Exercise of 34,314 Nil-cost options 
                                                         pursuant to 2014 LTIP (2019 award) 
                                                         2 Sale of 16,960 shares to cover tax 
                                                         liability 
     -------------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                    0p          34,314 
                                                     239.2656p   16,960 
     -------------------------------------------  ------------------------------------------- 
 d)   Aggregated information-  Aggregated volume   Price(s)     Volume(s) Total 
       -  Price                                     0p              34,314 GBP0 
       -  Total                                      239.2656p    16,960 GBP40,579 
     -------------------------------------------  ------------------------------------------- 
 e)   Date of the transaction                      08 April 2022 
     -------------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                     London Stock Exchange 
     -------------------------------------------  ------------------------------------------- 
 

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April 11, 2022 10:56 ET (14:56 GMT)

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