Business
American Depositary Receipt p
American Depositary Receipt p.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n RNS Number : 7629J Gulf Keystone Petroleum Ld 09 December 2008 \n \nNot 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\n\n\n09 December 2008 \n\nGULF KEYSTONE PETROLEUM LIMITED \n\nEstablishment of Level 1 American Depositary Receipt Programme\n\nGulf Keystone Petroleum Ltd (AIM: GKP) (\"Gulf Keystone\" or the \"Company\"), an independent oil and gas exploration company with interests in Algeria and Kurdistan, is pleased to announce that on the 5th December 2008 the Company established a sponsored Level 1 American Depositary Receipt (\"ADR\") programme in conjunction with the Bank of New York Mellon (www.bnymellon.com), which has been appointed as the depositary bank. \n\nEach Gulf Keystone ADR represents 20 Common shares of $0.01 each in the Company. The Company's listing on the Alternative Investment Market of the London Stock Exchange is unaffected. \n\nThe ADRs will be traded under the ticker symbol GFKSY in the US over-the-counter (\"OTC\") securities market of Pink OTC Markets Inc. (www.pinksheets.com), the leading electronic inter-dealer quotation system, trading technology and financial information provider for OTC securities.\n\nMr. Todd Kozel, Executive Chairman, Gulf Keystone, commented:\n\n\"I am very pleased that North American investors now have the choice of investing in Gulf Keystone through ADRs. Gulf Keystone already benefits from broad international ownership and this programme will further increase Gulf Keystone's profile and access to global sources of investment capital. I look forward to meeting new and potential North American investors and discussing Gulf Keystone's unique investment story.\"\n\nEnquiries\n\nGulf Keystone Petroleum: +44 (0) 20 7514 1400\nTodd Kozel, Executive Chairman \nEwen Ainsworth, Chief Financial Officer\n\nRBC Capital Markets: &nb...