Issue under the Deferred Bonus Plan ('DBP')
Nil cost option awards granted to CEO and CFO under deferred bonus plan, vesting March 2028.
- CEO award (Jon Harris) 67,810 nil cost options
- CFO award (Gabriel Papineau-Legris) 21,801 nil cost options
- Vesting date 26 March 2028
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01-Apr-2025 / 16:37 GMT/BST
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 |
| a) | Name | Jon Harris |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Gulf Keystone Petroleum Limited |
| b) | LEI | 213800QTAQOSSTNTPO15 |
| 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 |
| a) | Name | Gulf Keystone Petroleum Limited |
| b) | LEI | 213800QTAQOSSTNTPO15 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.