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Issue under the Deferred Bonus Plan ('DBP')

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Gulf Keystone Petroleum Ltd 2,025 € Gulf Keystone Petroleum Ltd Chart +0,50%
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Gulf Keystone Petroleum Ltd (GKP) Issue under the Deferred Bonus Plan ('DBP') 01-Apr-2025 / 16:37 GMT/BST

 

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

 

 

Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
ISIN: BMG4209G2077
Category Code: MSCM
TIDM: GKP
LEI Code: 213800QTAQOSSTNTPO15
Sequence No.: 380848
EQS News ID: 2110138
 
End of Announcement EQS News Service

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