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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rockhopper Exploration Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.975 | 12.50 | 13.35 | 94,546 | 09:08:45 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 652k | 35.55M | 0.0598 | 2.17 | 77.07M |
TIDMRKH
RNS Number : 8438L
Rockhopper Exploration plc
24 April 2018
24 April 2018
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Grant of options 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, announces that on 23 April 2018 certain Directors were granted awards in the form of options to acquire Shares under the Company's Long Term Incentive Plan ("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) 2,100,000 ------------------------- ------------------------ Stewart MacDonald (CFO) 1,900,000 ------------------------- ------------------------
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 on 31 March 2021. Performance measurement for these awards will be based on the Company's average share price over the 90 day dealing period to 31 March 2018 measured against the average share price for the 90 day dealing period to 31 March 2021. 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: 23 April 2018 Price: Nil Volume: 2,100,000 --- ------------------------------- ------------------------------- d) Aggregated information Date of transaction: 23 April 2018 Aggregated volume: 2,100,000 Price: Nil --- ------------------------------- ------------------------------- e) Date of the transaction 23 April 2018 --- ------------------------------- ------------------------------- 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: 23 April 2018 Price: Nil Volume: 1,900,000 --- ------------------------------- ------------------------------- d) Aggregated information Date of transaction: 23 April 2018 Aggregated volume: 1,900,000 Price: Nil --- ------------------------------- ------------------------------- e) Date of the transaction 23 April 2018 --- ------------------------------- ------------------------------- f) Place of the transaction Outside a trading venue --- ------------------------------- -------------------------------
The Company announces that the performance period for the LTIP awards granted on 13 April 2015 to certain Directors and employees has ended and none of the awards have vested.
A summary of the LTIP is included in the 2013 AGM notice which can be found on the Company's website and in the 2017 Annual Report.
Enquiries:
Rockhopper Exploration plc
Jan Davies, Company Secretary
Tel. +44 (0) 20 7830 9700 (via Vigo Communications)
Canaccord Genuity Limited (NOMAD and Joint Broker)
Henry Fitzgerald-O'Connor
James Asensio
Tel. +44 (0) 20 7523 8000
Peel Hunt LLP (Joint Broker)
Richard Crichton
Tel. +44 (0) 20 7418 8900
Vigo Communications
Patrick d'Ancona
Ben Simons
Tel. +44 (0) 20 7830 9700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 24, 2018 02:01 ET (06:01 GMT)
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