Gulf Keystone Petroleum Ltd (GKP)
Director / PDMR Shareholdings
24-Apr-2025 / 07:00 GMT/BST
24 April 2025
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Director / PDMR Shareholdings
Gulf Keystone announces that the following persons discharging managerial responsibilities (“PDMR”) exercised their vested nil-cost share options granted to them in 2022 under the 2014 Long Term Incentive Plan ("LTIP"). Upon exercise, a proportion of their vested awards was sold to pay the tax liability arising upon exercise, while the remainder was retained.
Market purchases were made through the Company’s Employee Benefit Trust to satisfy the recent vesting of all LTIP options, including the below PDMR transactions, with no new shares issued. The total number of voting rights in the Company remains 217,005,286.
Name
Position
Share Option Scheme
Options exercised
Shares sold for tax
Shares retained
Average price per share of sale (£)
Date of sale
Shareholding post transaction (number of shares)
Shareholding percentage post transaction (%)
Alasdair Robinson
CLO
2014 LTIP
47,316
23,742
23,574
1.546
23 April 2025
186,731
0.09
John Hulme
COO
2014 LTIP
91,155
42,994
48,161
1.556
23 April 2025
48,161
0.02
Clare Kinahan
CHRO
2014 LTIP
47,227
22,275
24,952
1.520
22 April 2025
57,597
0.03
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.
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 47,316 nil-cost options pursuant to 2014 LTIP (2022 award)Sale of 23,742 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
154.6p
47,316
23,742
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
154.6p
47,316 £0
23,742 £36,705.13
e)
Date of the transaction
23 April 2025
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Hulme
2
Reason for the notification
a)
Position/status
Chief Operating 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 91,155 nil-cost options pursuant to 2014 LTIP (2022 award)Sale of 42,994 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
155.6p
91,155
42,994
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
155.6p
91,155 £0
42,994 £66,884.48
e)
Date of the transaction
23 April 2025
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Clare Kinahan
2
Reason for the notification
a)
Position/status
Chief Human Resources 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 47,227 nil-cost options pursuant to 2014 LTIP (2022 award)Sale of 22,275 shares to cover tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0p
152.0p
47,227
22,275
d)
Aggregated information
-
Aggregated volume
-
Price
-
Total
Price(s)
Volume(s) Total
0p
152.0p
47,227 £0
22,275 £33,851.63
e)
Date of the transaction
22 April 2025
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: MSCM TIDM: GKP LEI Code: 213800QTAQOSSTNTPO15 Sequence No.: 384232 EQS News ID: 2122816
End of Announcement EQS News Service