Gulf Keystone Executes Share Buyback Plan

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

Gulf Keystone Petroleum Ltd., an independent oil operator in the Kurdistan Region of Iraq, has recently executed a share buyback, purchasing 125,000 of its own shares on the London Stock Exchange as part of a previously announced programme. The repurchased shares are set to be cancelled, which will leave the company with 217,754,194 shares carrying voting rights. This action may be of particular interest to shareholders for their stake calculations and reflects the company’s ongoing financial strategies.

For further insights into GB:GKP stock, check out TipRanks’ Stock Analysis page.