sur Gulf Keystone Petroleum Ltd (isin : BMG4209G2077)
Gulf Keystone Announces 2025 LTIP Awards
Gulf Keystone Petroleum Ltd has announced Long Term Incentive Plan (LTIP) Awards for 2025. These awards, granted on 1 April 2025, cover common shares for employees and key managerial figures. The LTIP, approved in June 2024, replaces the 2014 plan and follows the annual issue cycle post-results publication. Eligible employees, including those in Kurdistan, are included.
The award price is set at 193.9p, the company's closing price on 31 March 2025. The vesting date is 1 April 2028, featuring nil cost options. Performance conditions include reaching absolute and relative total shareholder return (TSR) targets over a three-year period. The Remuneration Committee retains discretion for fair reflection of performance.
Key figures receiving awards include CEO Jon Harris with 513,873 shares and CFO Gabriel Papineau-Legris with 287,003 shares. A further 1,841,737 awards go to non-PDMR employees, some of which are time-based with no performance criteria.
R. E.
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