Business
Bonus Shares and Long Term In
Bonus Shares and Long Term In.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n RNS Number : 2263O Gulf Keystone Petroleum Ltd 25 June 2010 \n \n\nNot for release, publication or distribution in or into the United States or 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 \n25 June 2010\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nBonus Shares and Long Term Incentive Plan Options\nFurther to the announcement on 7 June 2010 the Trustee of the Company's Employee Benefit Trust (\"EBT Trustee\") confirmed on 24 June 2010 that it will subscribe for a total of 3,772,998 new common shares of USD 0.01 (the \"Award Shares\") to enable it to effect the issue of the Award Shares to directors and employees in respect of one third of the Executive Bonus Scheme (the \"Scheme\") for 2009, in accordance with the recommendations set out in the announcement of 7 June 2010. The EBT Trustee also confirmed on 24 June 2010 that it has granted a total of 19,532,946 options under the Company's Share Option Plan with Long Term Incentive Performance Conditions (\"LTIP Share Options\") at a price of 75 pence per share including the recommended grant to Todd Kozel, Ewen Ainsworth and John Gerstenlauer as set out in the 7 June 2010 announcement.\nFollowing the issue of the Award Shares and grant of LTIP Share Options the interests of the aforementioned directors in the share capital of the Company are as follows:\n No. of Common Shares Per cent. of Number of options over \nenlarged share capital common shares under \n the Share Option Plan\nTodd Kozel (1) 5,751,115 &nb...