Director / PDMR Shareholdings
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 Option Scheme | Options exercised | Shares sold for tax | Shares retained | Price per share of sale (£) | Date of sale | Shareholding post transaction | Shareholding percentage post transaction (%) |
| Gabriel Papineau-Legris | CCO | 2014 LTIP | 33,651 | 16,294 | 17,357 | 2.391671 | 08/04/22 | 17,357 | |
| Total - G. Papineau-Legris117,357* | 0.05 | ||||||||
| Alasdair Robinson | CLO | 2014 LTIP | 34,314 | 16,960 | 17,354 | 2.392656 | 08/04/22 | 17,354 | |
| Total - A. Robinson59,871** | 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 6th 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 of Investor Relations | aclark@gulfkeystone.com |
| Celicourt Communications: | +44 (0) 20 8434 2754 |
| Mark Antelme Jimmy Lea | GKP@Celicourt.uk |
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 instrument Identification code | Common shares of $1.00 each in Gulf Keystone Petroleum LimitedISIN: 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) |
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| d) | Aggregated information
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| 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 /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 instrumentIdentification code | Common shares of $1.00 eachISIN: BMG4209G2077 | ||||||||||
| 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) |
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| d) | Aggregated information
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| e) | Date of the transaction | 08 April 2022 | ||||||||||
| f) | Place of the transaction | London Stock Exchange | ||||||||||