Gulf Keystone Petroleum Aktie 34691545 / BMG4209G2077
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08.04.2026 17:40:10
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Long Term Incentive Plan (“LTIP”) Award
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Gulf Keystone Petroleum Limited (GKP)
8 April 2026
Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”)
Long Term Incentive Plan (“LTIP”) Award Director/PDMR Shareholdings
LTIP
Gulf Keystone announces that, pursuant to the Gulf Keystone Petroleum 2024 Long Term Incentive Plan (“LTIP”), on 1 April 2026 (the “Award Date”) awards over common shares (“2026 Awards”) were granted to employees and the persons discharging managerial responsibilities ("PDMRs") listed below.
The LTIP was approved by the Company’s shareholders at the Company's Annual General Meeting held on 21 June 2024. These are the third awards to be made under the plan and are in accordance with the agreed annual issue cycle which follows release of the Company’s full year results. The awards have been made to eligible employees of the wider workforce, including to employees in Kurdistan.
The quantum of 2026 Awards was determined based on a price of 213p being the closing mid-market price of the Company on 31 March 2026. The vesting date for the 2026 Awards is 1 April 2029, being the third anniversary from the Award Date. The 2026 Awards are in the form of nil cost options and no consideration is payable for the grant of an award.
Performance Conditions
Vesting of the 2026 Awards is subject to performance conditions which include the requirement for both absolute and relative total shareholder return (“TSR”) targets being met. For the 2026 Awards, TSR will be measured over the three financial years of the Company commencing in the year of the Grant Date. In accordance with recent governance guidelines, the Remuneration Committee has the discretion to review vesting outcomes to ensure a fair reflection of performance.
Awards
The following PDMRs have been granted 2026 Awards under the LTIP:
Staff Awards
In addition to the above, a total of 2,012,925 awards in aggregate have also been granted to eligible employees who are not PDMRs. For lower grade staff only, awards are made on a time vested basis without performance conditions, and will vest one third/one third/one third over three years subject to certain conditions including continuation of employment. Of the 2,012,925 awards detailed above, 661,505 of these are time vested awards.
Enquiries:
or visit: www.gulfkeystone.com
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE & OSE: 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 information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. View original content: EQS News |
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| ISIN: | BMG4209G2077 |
| Category Code: | DSH |
| TIDM: | GKP |
| LEI Code: | 213800QTAQOSSTNTPO15 |
| Sequence No.: | 423374 |
| EQS News ID: | 2305324 |
| End of Announcement | EQS News Service |
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Nachrichten zu Gulf Keystone Petroleum Limited Registered Shs
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09.04.26 |
GKP shares trade ex-dividend today (EQS Group) | |
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08.04.26 |
Long Term Incentive Plan (“LTIP”) Award (EQS Group) | |
|
02.04.26 |
Publication of 2025 Annual Report and Accounts & Sustainability Report (EQS Group) | |
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02.04.26 |
Implementation of cross border transfers between the LSE and Euronext Growth Oslo (EQS Group) | |
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02.04.26 |
Report on Payments to Governments for 2025 (EQS Group) | |
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01.04.26 |
Director / PDMR Shareholdings and issue of awards under the Deferred Bonus Plan ('DBP') (EQS Group) | |
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24.03.26 |
Director / PDMR Shareholdings (EQS Group) | |
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19.03.26 |
Interim dividend information (EQS Group) |
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