GKP Slides on Share Placement

By John Lee.

Shares in Gulf Keystone Petroleum (GKP) closed the day down 9.9 percent, following the announcement that the company has successfully raised $40.7 million through a conditional placing of shares at a price of 32 pence per share, a 21 percent discount to the previous market close.

The shares were placed through Mirabaud Securities and Pareto Securities.

The company has also announced thats Non-Executive Chairman Simon Murray is to retire from the Board; Andrew Simon, Senior Independent Director, will assume the role of Interim Non-Executive Chairman with immediate effect. 

A search process for a new Non-Executive Chairman will now begin.

(Sources: GKP, Yahoo!)

8 Responses to GKP Slides on Share Placement

  1. A. Holden March 31, 2015 at 6:50 pm #

    Where do you get that it closed down 21% ??
    Suggest you check again

  2. Editor April 1, 2015 at 1:31 pm #

    @A. Holden: Thanks, Yahoo had previously shown a drop of 21% for the day, but that is now revised and the article is amended accordingly.
    – Editor.