Gulf Keystone Petroleum Ltd. Issue of Common Shares (5337A)
December 23 2014 - 2:01AM
UK Regulatory
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RNS Number : 5337A
Gulf Keystone Petroleum Ltd.
23 December 2014
Not for release, publication or distribution, directly or
indirectly, in whole or in part in or into the United States or any
jurisdiction other than the United Kingdom and Bermuda where to do
so would constitute a contravention of the relevant laws or
regulations of such jurisdiction. This announcement (and the
information contained herein) does not contain or constitute an
offer to sell or the solicitation of an offer to purchase, nor
shall there be any sale of securities in any jurisdiction where
such offer, solicitation or sale would constitute a contravention
of the relevant laws or regulations of such jurisdiction.
23 December 2014
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Issue of common shares under the 2011 Executive Bonus Scheme
Gulf Keystone announces today that at a meeting of the
Independent Non-Executive Directors of the Company held on 22
December 2014 it was resolved to issue, in aggregate, 3,305,004 new
common shares of USD 0.01 ("common shares") to the trustee ("EBT
Trustee") of the Company's Employee Benefit Trust ("EBT") pursuant
to and in accordance with the terms of the Company's 2011 Executive
Bonus Scheme ("Award Shares"), representing the final instalment of
this legacy bonus scheme for employees at various levels of the
Company.
Applications have been made to the UK Listing Authority and the
London Stock Exchange for 3,305,004 common shares to be admitted to
the standard segment of the Official List and to trading on the
London Stock Exchange's Main Market for listed securities,
respectively. The shares issued will rank pari passu with the
existing issued common shares. It is expected that admission will
become effective on 30 December 2014.
Following the issue of the Award Shares, the total issued share
capital of Gulf Keystone will be 892,238,061 common shares. The
Company does not hold any common shares in treasury and so the
total number of voting rights in Gulf Keystone is 892,238,061.
The aforementioned figure of 892,238,061 common shares may be
used by shareholders of the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest, or a change to their interest, in the
Company under the Company's Bye-Laws.
Enquiries:
Gulf Keystone Petroleum:
Anastasia Vvedenskaya, Head of +44 (0) 20 7514 1411
Investor Relations +44 (0) 77 1406 1410
Media Relations and Financial
PR Adviser: +44 (0)20 7520 9266
Mark Antelme
or visit: www.gulfkeystone.com
Notes to Editors:
-- Gulf Keystone Petroleum Ltd. (LSE: GKP) is an independent oil
and gas exploration, development and production company focused on
exploration in the Kurdistan Region of Iraq.
-- Gulf Keystone Petroleum International (GKPI) holds Production
Sharing Contracts for four exploration blocks in Kurdistan, the
Shaikan, Sheikh Adi, Ber Bahr and Akri-Bijeel blocks.
-- GKPI is the operator of the Shaikan Block, which is a major
commercial discovery, with a working interest of 75% and is
partnered with MOL Kalegran Limited (a 100% subsidiary of MOL
Hungarian Oil and Gas plc.) and Texas Keystone Inc., which have
working interests of 20% and 5% respectively. Texas Keystone Inc.
holds its interest in trust for Gulf Keystone, pending transfer of
its interest to the Company.
-- Gulf Keystone is moving into the large-scale phased
development of the Shaikan field targeting 100,000 bopd of
production capacity during Phase 1 of the Shaikan Field Development
Plan following its approval in June 2013.
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's Directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This communication and the information contained herein is not
an offer of securities for sale in the United States. Securities
may not be offered or sold in the United States unless they are
registered or are exempt from registration. Any public offering of
securities to be made in the United States would be made by means
of a prospectus that would contain detailed information about the
company and its management, as well as financial statements. The
company does not intend to register any portion of this offering in
the United States or to conduct a public offering in the United
States or any other jurisdiction. Any public offering of securities
to be made in the United States would be made by means of a
prospectus that would contain detailed information about the
Company and its management, as well as financial statements. Copies
of this communication are not being, and should not be, distributed
in or sent into the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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