Director/PDMR Shareholding
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 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 (%) |
| Jane Barker | HR Director | 2014 LTIP | 49,218 | 23,214 | 26,004 | 1.694000 | 13/4/21 | 26,004 | 0.01 |
| Jane Barker | HR Director | 2016 SRP | 100,000 | 47,166 | 52,834 | 1.694000 | 13/4/21 | 52,834 | 0.03 |
| Total - J. Barker 78,838 | 0.04 | ||||||||
| Stuart Catterall | COO | 2014 LTIP | 142,413 | 67,170 | 75,243 | 1.650000 | 13/4/21 | 75,243 | 0.04 |
| Stuart Catterall | COO | 2016 SRP | 250,000 | 117,913 | 132,087 | 1.650000 | 13/4/21 | 132,087 | 0.06 |
| Total - S. Catterall207,330 | 0.10 | ||||||||
| Gabriel Papineau-Legris | CCO | 2014 LTIP | 78,953 | 37,239 | 41,714 | 1.694000 | 13/4/21 | 41,714 | 0.02 |
| Gabriel Papineau-Legris | CCO | 2016 SRP | 175,000 | 82,539 | 92,461 | 1.692000 | 13/4/21 | 92,461 | 0.04 |
| Total - G. Papineau-Legris174,175* | 0.08 | ||||||||
| Alasdair Robinson | Legal Director | 2014 LTIP | 82,030 | 39,513 | 42,517 | 1.638252 | 12/4/21 | 42,517 | 0.02 |
| Total - A. Robinson42,517 | 0.02 |
*includes 40,000 common shares owned through share purchases
Enquiries:
| Celicourt Communications: | + 44(0) 20 8434 2754 |
| Mark AntelmeJimmy 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 instrument Identification code | Common shares of $1.00 each in Gulf Keystone Petroleum LimitedISIN: BMG4209G2077 | ||||
| b) | Nature of the transaction | Acquisition | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information
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(single transaction)30,000 170.55p |
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| e) | Date of the transaction | 13 April 2021 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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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 | Acquisition | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information
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10,000 163.06p |
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| 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 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 49,218 Nil-cost options pursuant to 2014 LTIP (2018 award)2. Sale of 23,214 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | Jane Barker | |||||||||||||||
| 2 | Reason for the notification | ||||||||||||||||
| a) | Position/status | HR Director | |||||||||||||||
| 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 100,000 Nil-cost options pursuant to 2016 SRP2. Sale of 47,166 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | Stuart Catterall | |||||||||||||||
| 2 | Reason for the notification | ||||||||||||||||
| a) | Position/status | COO | |||||||||||||||
| 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 142,413 Nil-cost options pursuant to 2014 LTIP (2018 award)2 Sale of 67,170 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | Stuart Catterall | |||||||||||||||
| 2 | Reason for the notification | ||||||||||||||||
| a) | Position/status | COO | |||||||||||||||
| 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 250,000 Nil-cost options pursuant to 2016 SRP2 Sale of 117,913 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | CCO | |||||||||||||||
| 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 78,953 Nil-cost options pursuant to 2014 LTIP (2018 award)2 Sale of 37,329 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | CCO | |||||||||||||||
| 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 175,000 Nil-cost options pursuant to 2016 SRP2 Sale of 82,539 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| 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 | Alasdair Robinson | |||||||||||||||
| 2 | Reason for the notification | ||||||||||||||||
| a) | Position/status | Legal Director | |||||||||||||||
| 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 82,030 Nil-cost options pursuant to 2014 LTIP (2018 award)2 Sale of 39,513 shares to cover tax liability | |||||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- volume- Price- Total |
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| e) | Date of the transaction | 12 April 2021 | |||||||||||||||
| f) | Place of the transaction | London Stock Exchange | |||||||||||||||
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