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Pin to quick picksGulf Keystone Petroleum Regulatory News (GKP)

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Director/PDMR Shareholding

14 Apr 2021 12:00

RNS Number : 4719V
Gulf Keystone Petroleum Ltd.
14 April 2021
 

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. Catterall

207,330

 

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-Legris

174,175*

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. Robinson

42,517

0.02

 

 

*includes 40,000 common shares owned through share purchases

 

Enquiries:

 

Celicourt Communications:

+ 44(0) 20 8434 2754

Mark Antelme

Jimmy 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 Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

Acquisition

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

170.55p

 30,000

d)

Aggregated information

-

Aggregated volume

-

Price

 (single transaction)

30,000170.55p

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

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 Limited

 

ISIN: BMG4209G2077

b)

Nature of the transaction

Acquisition

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

163.17

162.88

 

6,200

3,800

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

10,000163.06p

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: 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)

 Price

No. of shares

1. 0p

1. 49,218

 Price

No. of shares

2. 169.4p

3. 23,214

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1. Price

1. Volume

2. Total

1. 0p

1. 49,218

1. £0

2. Price

2. Volume

2. Total

2. 169.4p

2. 23,214

2. £39,324

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: BMG4209G2077

b)

Nature of the transaction

1. Exercise of 100,000 Nil-cost options pursuant to 2016 SRP

2. Sale of 47,166 shares to cover tax liability

 

 

c)

Price(s) and volume(s)

 Price

No. of shares

1. 0p

1. 100,000

 Price

No. of shares

2. 169.4p

2. 47,166

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1. Price

1. Volume

1. Total

1. 0p

1. 100,000

1. £0

2. Price

2. Volume

2. Total

2. 169.4p

2. 47,166

2. £79,899

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: 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)

 Price

No. of shares

1 0p

1 142,413

 Price

No. of shares

2 165.0p

2 67,170

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1 Price

1 Volume

1 Total

1 0p

1 142,413

1 £0

2 Price

2 Volume

2 Total

2 165.0p

2 67,170

2. £110,830

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: BMG4209G2077

b)

Nature of the transaction

1 Exercise of 250,000 Nil-cost options pursuant to 2016 SRP

2 Sale of 117,913 shares to cover tax liability

 

 

c)

Price(s) and volume(s)

 Price

No. of shares

1 0p

1 250,000

 Price

No. of shares

2 165.0p

2 117,913

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1 Price

1 Volume

1 Total

1 0p

1 250,000

1 £0

2 Price

2 Volume

2 Total

2 165.0p

2 117,913

2. £194,556

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: 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)

 Price

No. of shares

1 0p

1 78,953

 Price

No. of shares

2 169.4p

2 37,329

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1 Price

1 Volume

1 Total

1 0p

1 78,953

1 £0

2 Price

2 Volume

2 Total

2 169.4p

2 37,329

2. £63,235

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: BMG4209G2077

b)

Nature of the transaction

1 Exercise of 175,000 Nil-cost options pursuant to 2016 SRP

2 Sale of 82,539 shares to cover tax liability

 

 

c)

Price(s) and volume(s)

 Price

No. of shares

1 0p

1 175,000

 Price

No. of shares

2 169.2p

2 82,539

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1 Price

1 Volume

1 Total

1 0p

1 175,000

1 £0

2 Price

2 Volume

2 Total

2 169.2p

2 82,539

2. £139,655

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 instrument

Identification code

Common shares of $1.00 each

 

 

ISIN: 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)

 Price

No. of shares

1 0p

1 82,030

 Price

No. of shares

2 163.82p

2 39,513

d)

Aggregated information

- volume

- Price

- Total

 

 

 

1 Price

1 Volume

1 Total

1 0p

1 82,030

1 £0

2 Price

2 Volume

2 Total

2 163.82p

2 39,513

2. £64,732

e)

Date of the transaction

12 April 2021

f)

Place of the transaction

London Stock Exchange

 

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END
 
 
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