1 April 2025
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Issue under the Deferred Bonus Plan ("DBP")
Director/PDMR Shareholdings
At the Company's AGM in June 2024, shareholders approved the Gulf Keystone Petroleum 2024 DBP. This provides for 30% of the annual bonus attributable to executive directors to be paid in the form of nil cost options. These will vest after three years. There are no performance conditions other than the executive director must continue to be employed for this period (subject to certain limited exceptions).
The following awards were made on 26 March 2025 and the vesting date is 26 March 2028, being the third anniversary from the annual bonus payroll date.
| Name | Position | Number of awards |
| Jon Harris | Chief Executive Officer | 67,810 |
| Gabriel Papineau-Legris | Chief Financial Officer | 21,801 |
Enquiries:
| Gulf Keystone: | +44 (0) 20 7514 1400 |
| Aaron Clark, Head of Investor Relations & Corporate Communications | aclark@gulfkeystone.com |
| FTI Consulting | +44 (0) 20 3727 1000 |
| Ben Brewerton Nick Hennis | GKP@fticonsulting.com |
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 | 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 | Grant of nil cost award under the Deferred Bonus Plan |
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 67,810 |
|
| d) | Aggregated information | - | Aggregated volume | | - | Price |
| Single transaction as in 4c) above. Nil consideration |
| e) | Date of the transaction | 26 March 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 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 Financial 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 | Grant of nil cost award under the Deferred Bonus Plan |
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 21,801 |
|
| d) | Aggregated information | - | Aggregated volume | | - | Price |
| Single transaction as in 4c) above. Nil consideration |
| e) | Date of the transaction | 26 March 2025 |
| f) | Place of the transaction | Outside a trading venue |
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