Share Name Share Symbol Market Type Share ISIN Share Description
Rockhopper Exploration LSE:RKH London Ordinary Share GB00B0FVQX23 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +2.17% 23.50p 23.25p 23.75p 23.75p 23.25p 23.25p 144,846 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 6.0 79.4 17.8 1.4 107.41

Rockhopper Exploration plc Director Share Purchases and Awards

19/06/2017 7:00am

UK Regulatory (RNS & others)


Rockhopper Exploration (LSE:RKH)
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6 Months : From May 2017 to Nov 2017

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TIDMRKH

RNS Number : 3991I

Rockhopper Exploration plc

19 June 2017

19 June 2017

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Director Share Purchases and Awards and Relinquishment under Long Term Incentive Plan

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, makes the following announcements in relation to Director dealings and the Long Term Incentive Plan 2013 (the "LTIP"):

Director Dealings

The Company announces that on 16 June 2017 a total of 1,229,197 ordinary shares of GBP0.01 each in the Company ("Shares") were purchased by certain Directors as follows:

 
 Director                       Price         Number of           Total number      % of issued 
                                 (pence)       shares purchased    of shares         share 
                                                                   held following    capital 
                                                                   purchases         following 
                                                                                     purchases 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 Sam Moody (CEO)                GBP0.2048     246,898             2,319,211         0.51 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 David McManus (Chairman)       GBP0.2048     366,149             498,952           0.11 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 Stewart MacDonald 
  (CFO)                         GBP0.2048     122,050             240,881           0.05 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 John Martin (Non-Executive 
  Director)                     GBP0.20125    250,000             341,600           0.07 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 John Summers (Non-Executive 
  Director)                     GBP0.2048     244,100             244,100           0.05 
-----------------------------  ------------  ------------------  ----------------  ------------ 
 

Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014 in relation to the acquisition of Shares by certain Directors in their capacity as persons discharging managerial responsibilities (PDMRs):

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                              Samuel Moody 
---  -------------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ----------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ----------------------------- 
 b)   Nature of the transaction        Acquisition of Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: GBP0.2048 
                                        Volume: 246,898 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 246,898 
                                        Price: GBP50,564.71 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
---  -------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                              David McManus 
---  -------------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Chairman 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ----------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ----------------------------- 
 b)   Nature of the transaction        Acquisition of Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: GBP0.2048 
                                        Volume: 366,149 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 366,149 
                                        Price: GBP74,987.32 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
---  -------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                              Stewart MacDonald 
---  -------------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ----------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ----------------------------- 
 b)   Nature of the transaction        Acquisition of Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: GBP0.2048 
                                        Volume: 122,050 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 122,050 
                                        Price: GBP24,995.84 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
---  -------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                              John Martin 
---  -------------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ----------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ----------------------------- 
 b)   Nature of the transaction        Acquisition of Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: GBP0.20125 
                                        Volume: 250,000 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 250,000 
                                        Price: GBP50,312.50 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
---  -------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                              John Summers 
---  -------------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ----------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ----------------------------- 
 b)   Nature of the transaction        Acquisition of Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: GBP0.2048 
                                        Volume: 244,100 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 244,100 
                                        Price: GBP49,991.68 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
---  -------------------------------  ----------------------------- 
 

LTIP Awards

The Company announces that on 16 June 2017 certain Directors were granted awards in the form of options to acquire Shares under the Company's LTIP which has been operated annually since its approval by shareholders at the 2013 Annual General Meeting.

Details of the awards are shown below:

 
 Name                       Number of options under 
                             award 
-------------------------  ------------------------ 
 Sam Moody (CEO)            1,900,000 
-------------------------  ------------------------ 
 Stewart MacDonald (CFO)    1,800,000 
-------------------------  ------------------------ 
 

The awards are structured as nil-cost options and, subject to meeting specific performance criteria as outlined below, will normally vest three years after the date of grant.

The percentage of awards which will vest will be dependent on total shareholder return measured against a peer group of companies over a three year period ending 31 May 2020. Performance measurement for these awards will be based on the Company's average share price over the 90 day dealing period to 31 May 2017 measured against the average share price for the 90 day dealing period to 31 May 2020. No awards will vest in the event that the Company's total shareholder return is below the median of its peer group over the three year measurement period. In the event that the awards vest, the vested awards will normally remain exercisable for a period of seven years subject to the rules of the LTIP regarding leavers.

Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014 in relation to the award of options over Shares to certain Directors under the Company's LTIP:

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                              Samuel Moody 
---  -------------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ------------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  ---------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ------------------------------- 
 b)   Nature of the transaction        Award of options over Ordinary 
                                        Shares of 1 pence each 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: Nil 
                                        Volume: 1,900,000 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 1,900,000 
                                        Price: Nil 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                              Stewart MacDonald 
---  -------------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             Rockhopper Exploration plc 
---  -------------------------------  ------------------------------- 
 b)   LEI                              213800IPXW6XRLVCL581 
---  -------------------------------  ------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  ---------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 1 pence 
       financial instrument,            each 
       type of instrument 
 
       Identification code              GB00BOFVQX23 
---  -------------------------------  ------------------------------- 
 b)   Nature of the transaction        Award of options over Ordinary 
                                        Shares of 1 pence each 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)           Date of transaction: 16 
                                        June 2017 
                                        Price: Nil 
                                        Volume: 1,800,000 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           Date of transaction: 16 
                                        June 2017 
                                        Aggregated volume: 1,800,000 
                                        Price: Nil 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          16 June 2017 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 

Relinquishment of LTIP Awards

The Company announces that on 15 June 2017 Fiona MacAulay, COO, relinquished a total of 3,559,191 unvested LTIP awards.

A summary of the LTIP is included in the 2013 AGM notice which can be found on the Company's website and in the 2016 Annual Report.

For further information, please contact:

Rockhopper Exploration plc

Tel: (via Vigo Communications) - 020 7830 9700

Sam Moody - Chief Executive

Stewart MacDonald - Chief Financial Officer

Canaccord Genuity Limited (NOMAD and Broker)

Tel: 020 7523 8000

Henry Fitzgerald-O'Connor

James Asensio

Vigo Communications

Tel: 020 7830 9700

Patrick d'Ancona

Ben Simons

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 19, 2017 02:00 ET (06:00 GMT)

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