on Gulf Keystone Petroleum Ltd (isin : BMG4209G2077)
Gulf Keystone Petroleum's Deferred Bonus Plan Awards
On April 1, 2025, Gulf Keystone Petroleum Ltd. (LSE: GKP) announced the issuance of awards under its Deferred Bonus Plan (DBP). Shareholders had previously approved this plan at the Company's AGM in June 2024. The DBP stipulates that 30% of the annual bonus for executive directors be paid via nil cost options, which vest after three years, conditional on continued employment.
On March 26, 2025, the company granted awards to two executive directors. Jon Harris, CEO, received 67,810 awards, while Gabriel Papineau-Legris, CFO, was allocated 21,801 awards. These will vest on March 26, 2028, marking the third anniversary of the initial grant date.
The notification complies with the Market Abuse Regulation requirements. The transactions occurred outside a trading venue, involving common shares of $1.00 each in Gulf Keystone Petroleum Limited.
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