Long Term Incentive Plan (“LTIP”) Award
4 August 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Long Term Incentive Plan ("LTIP") Award
Gulf Keystone announces that, pursuant to the 2014 Gulf Keystone Long Term Incentive Plan, an award of 98,077 nil-cost options ("the Award") was granted on 2 August 2021 ("the Award Date") to Clare Kinahan following her appointment as HR Director. Clare replaces Jane Barker who will be retiring in September 2021.
The quantum of options awarded was based on a price of 166.4p, being the closing mid-market price of the Company on 2 August 2021. The Award will vest in accordance with performance conditions on 2 August 2024, being the third anniversary from the Award Date.
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 AntelmeJimmy Lea | GKP@Celicourt.uk |
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 | Clare Kinahan | ||||||
| 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 | Grant of nil cost award under the 2014 Long Term Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information- Volume- Price | Single transaction as in 4c) aboveNil consideration | ||||||
| e) | Date of the transaction | 2 August 2021 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
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