Director/PDMR Shareholding
Three directors exercised vested LTIP options granted in 2022, selling shares to cover tax liabilities.
- Alasdair Robinson (CLO) - Options exercised 47,316
- Alasdair Robinson (CLO) - Shares retained 23,574
- John Hulme (COO) - Options exercised 91,155
- John Hulme (COO) - Shares retained 48,161
- Clare Kinahan (CHRO) - Options exercised 47,227
- Clare Kinahan (CHRO) - Shares retained 24,952
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Gulf Keystone announces that the following persons discharging managerial responsibilities (“PDMR”) exercised their vested nil-cost share options granted to them in 2022 under the 2014 Long Term Incentive Plan ("LTIP"). Upon exercise, a proportion of their vested awards was sold to pay the tax liability arising upon exercise, while the remainder was retained.
Market purchases were made through the Company’s Employee Benefit Trust to satisfy the recent vesting of all LTIP options, including the below PDMR transactions, with no new shares issued. The total number of voting rights in the Company remains 217,005,286.
| Name | Position | Share Option Scheme | Options exercised | Shares sold for tax | Shares retained | Average price per share of sale (£) | Date of sale | Shareholding post transaction (number of shares) | Shareholding percentage post transaction (%) | ||||
| Alasdair Robinson | CLO | 2014 LTIP | 47,316 | 23,742 | 23,574 | 1.546 | 23 April 2025 | 186,731 | 0.09 | ||||
| John Hulme | COO | 2014 LTIP | 91,155 | 42,994 | 48,161 | 1.556 | 23 April 2025 | 48,161 | 0.02 | ||||
| Clare Kinahan | CHRO | 2014 LTIP | 47,227 | 22,275 | 24,952 | 1.520 | 22 April 2025 | 57,597 | 0.03 | ||||
| a) | Name | Alasdair Robinson | |||||||||||
| 2 | Reason for the notification | ||||||||||||
| a) | Position/status | Chief Legal Officer | |||||||||||
| b) | Initial notification/Amendment | Initial notification | |||||||||||
| a) | Name | Gulf Keystone Petroleum Limited | |||||||||||
| b) | LEI | 213800QTAQOSSTNTPO15 | |||||||||||
| 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 | Exercise of 47,316 nil-cost options pursuant to 2014 LTIP (2022 award) Sale of 23,742 shares to cover tax liability | |||||||||||
| c) | Price(s) and volume(s) |
.6p 47,316 23,742 | |||||||||||
| d) | Aggregated information - Aggregated volume - Price - Total | Price(s) Volume(s) Total 0p 154.6p 47,316 £0 23,742 £36,705.13 | |||||||||||
| e) | Date of the transaction | 23 April 2025 | |||||||||||
| f) | Place of the transaction | London Stock Exchange | |||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||
| a) | Name | John Hulme | |||||||||||
| 2 | Reason for the notification | ||||||||||||
| a) | Position/status | Chief Operating Officer | |||||||||||
| b) | Initial notification/Amendment | Initial notification | |||||||||||
| a) | Name | Gulf Keystone Petroleum Limited | |||||||||||
| b) | LEI | 213800QTAQOSSTNTPO15 | |||||||||||
| 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 | Exercise of 91,155 nil-cost options pursuant to 2014 LTIP (2022 award) Sale of 42,994 shares to cover tax liability | |||||||||||
| c) | Price(s) and volume(s) |
.6p 91,155 42,994 | |||||||||||
| d) | Aggregated information - Aggregated volume - Price - Total | Price(s) Volume(s) Total 0p 155.6p 91,155 £0 42,994 £66,884.48 | |||||||||||
| e) | Date of the transaction | 23 April 2025 | |||||||||||
| f) | Place of the transaction | London Stock Exchange | |||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||
| a) | Name | Clare Kinahan | |||||||||||
| 2 | Reason for the notification | ||||||||||||
| a) | Position/status | Chief Human Resources Officer | |||||||||||
| b) | Initial notification/Amendment | Initial notification | |||||||||||
| a) | Name | Gulf Keystone Petroleum Limited | |||||||||||
| b) | LEI | 213800QTAQOSSTNTPO15 | |||||||||||
| 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 | Exercise of 47,227 nil-cost options pursuant to 2014 LTIP (2022 award) Sale of 22,275 shares to cover tax liability | |||||||||||
| c) | Price(s) and volume(s) |
.0p 47,227 22,275 | |||||||||||
| d) | Aggregated information - Aggregated volume - Price - Total | Price(s) Volume(s) Total 0p 152.0p 47,227 £0 22,275 £33,851.63 | |||||||||||
| e) | Date of the transaction | 22 April 2025 | |||||||||||
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.