17th Mar 2009 15:29
Not for release, publication or distribution in or into jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction
17 March 2009
Gulf Keystone Petroleum Ltd.
("Gulf Keystone" or "the Company")
Additional Listing & Award of Options
At a board meeting held on the 16th March 2009, it was resolved to award 985,906 new common shares of USD 0.01 (the "award Shares") to employees pursuant to the Company's Executive Bonus Scheme (the "Scheme").
The award Shares will be issued fully paid and will rank pari passu in all respects with the existing issued common shares of the Company. Application has been made for admission of the award Shares to trading on AIM with effect from 20 March 2009.
Details of directors receiving award Shares under the Scheme are as follows:
Todd Kozel 166,667 common shares
Ewen Ainsworth 95,767 common shares
Ali Al-Qabandi 150,000 common shares
In addition, the board meeting also resolved, under Gulf Keystone's Unapproved Share Option Plan (the "Plan"), a cancellation of options granted under the Plan prior to December 2007 and a grant of new options. Details of directors granted new options under the Plan, after cancellation of options granted prior to December 2007, are as follows:
|
New options granted |
Exercise price |
Options cancelled |
Exercise price |
|
|
Todd Kozel |
3,000,000 |
30p |
2,650,000 |
48p |
|
Ali Al-Qabandi |
1,000,000 |
30p |
500,000 |
48p |
Enquiries
Gulf Keystone Petroleum: +44 (0) 20 7514 1400Todd Kozel, Executive Chairman
Ewen Ainsworth, Chief Financial Officer
RBC Capital Markets: +44 (0) 20 7653 4667
Sarah Wharry
Tristone Capital Limited: +44 (0) 20 7355 5800
Simon Ashby-Rudd
Majid Shafiq
Citigate Dewe Rogerson: +44 (0) 20 7638 9571 Martin Jackson
or visit: www.gulfkeystone.com
Related Shares:
Gulf Keystone Petroleum