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!)


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8 Responses to GKP Slides on Share Placement


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    A. Holden
    31st March 2015 at 18:50 #

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


  2. Notice: Only variables should be assigned by reference in /srv/users/ibn/apps/ibn/public/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 590
    Editor
    1st April 2015 at 13:31 #

    @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.