Gulf Keystone Executes Share Buyback Strategy

Gulf Keystone Petroleum (GB:GKP) has released an update.

Gulf Keystone Petroleum Ltd., an independent oil producer in the Kurdistan Region of Iraq, has recently bought back 125,000 of its own shares as part of its ongoing share buyback programme. The shares, acquired through Canaccord Genuity Limited on the London Stock Exchange, will be cancelled, which will consequently reduce the number of shares with voting rights to 217,879,194. This corporate action could potentially impact the stock’s value and shareholders’ interests.

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