Gulf Keystone Petroleum completes $25m share buyback

Gulf Keystone Petroleum announced on Wednesday that, following the purchase of ordinary shares on 8 October, its $25m (£20.41m) share buyback programme as announced on 8 July, 2 September and 10 September, was completed.

The London-listed firm said that in total, between 8 July and 8 October, it repurchased 8,729,820 ordinary shares at a volume-weighted average price of 232.62p each.

“Following the transaction, the company's issued share capital comprises 229,429,566 ordinary shares, of which 8,729,820 ordinary shares are held in treasury,” the board confirmed in its statement.

“The company now has a total of 220,699,746 ordinary shares in issue with voting rights.”