Gulf Keystone Petroleum (GB:GKP) has released an update.
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Gulf Keystone Petroleum has repurchased 16,595 of its own shares on the London Stock Exchange as part of its ongoing share buyback program. The shares were bought at prices ranging between 124.50 and 125.00 pence each and will be cancelled, leaving the company with a total of 217,005,286 shares in issue. This move is aimed at optimizing the capital structure and enhancing shareholder value.
For further insights into GB:GKP stock, check out TipRanks’ Stock Analysis page.