RockRose Energy plc Awards under Share Incentive Plan & PDMR dealings (0863Y)

TIDMRRE

RNS Number : 0863Y

RockRose Energy plc

03 May 2019

3 May 2019

Rockrose Energy plc

("Rockrose" or the "Company")

Awards under the Rockrose Share Incentive Plan and PDMR dealings

The Company announces that it received an application on 1 May 2019 from Equiniti Share Plan Trustees Limited (the "SIP Trustee") in relation to the allotment of 6,288 ordinary shares of nominal value 20 pence each in the capital of the Company ("Ordinary Shares") for the benefit of participants in the Rockrose Share Incentive Plan (the "SIP"), including those Persons Discharging Managerial Responsibility of the Company (each, a "PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").

The SIP Award has been satisfied by the issue of 6,288 new Ordinary Shares (the "SIP Shares") to the SIP Trustee. The SIP Shares shall rank equally with the existing issued Ordinary Shares. The SIP Shares shall be allocated out of Ordinary Shares the subject of a block listing, the most recent six monthly return in respect of which was announced on 1 May 2019.

Each participating employee will acquire Ordinary Shares at a price of 633.333333 pence per share (determined in accordance with the calculation formula set out in the rules of the SIP) using the contributions deducted from such employee's pre-tax salary ("Partnership Shares"), and each participating employee will be awarded two free Ordinary Shares for each Partnership Share ("Matching Shares"), paid for by the Company.

Details of the Partnership Shares and Matching Shares allotted to PDMRs under the SIP are set out below.

 
 Name of PDMR       Partnership         Matching Share   Resulting voting 
                     Share allocation    allocation       rights 
 Andrew Austin      71                  142              213 
                   ------------------  ---------------  ----------------- 
 Richard Benmore    71                  142              213 
                   ------------------  ---------------  ----------------- 
 Peter Mann         71                  142              213 
                   ------------------  ---------------  ----------------- 
 John Morrow        71                  142              213 
                   ------------------  ---------------  ----------------- 
 Steve Pawson       71                  142              213 
                   ------------------  ---------------  ----------------- 
 

The issued share capital of the Company following the above detailed issue of SIP Shares will be 12,600,072 Ordinary Shares. The total number of voting rights in Rockrose will be 12,600,072, which should be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in Rockrose under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

 
 1.   Details of PDMR / person closely associated 
 a)   Name                                              (i) Andrew Austin 
                                                         (ii) Richard Benmore 
                                                         (iii) John Morrow 
                                                         (iv) Peter Mann 
                                                         (v) Steve Pawson 
     ------------------------------------------------  --------------------------------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                 (i) Executive Chairman 
                                                         (ii) Non-Executive Director 
                                                         (iii) Non-Executive Director 
                                                         (iv) Managing Director 
                                                         (v) Finance Director 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   Initial notification /amendment                   Initial notification 
     ------------------------------------------------  --------------------------------------------------------------- 
 3.   Details of the issuer 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                              Rockrose Energy plc 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   LEI                                               213800W3DXD7SNOYGG30 
     ------------------------------------------------  --------------------------------------------------------------- 
 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 financial instrument           Ordinary Shares of nominal value 20 pence each 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   Identification code of the Financial Instrument   ISIN for Rockrose Energy plc: GB00BYNFCH09 
     ------------------------------------------------  --------------------------------------------------------------- 
 c)   Nature of the transaction                         Acquisition of Ordinary Shares in Rockrose Energy plc as under 
                                                        SIP by the SIP Trustee pursuant 
                                                        to the SIP 
     ------------------------------------------------  --------------------------------------------------------------- 
 d)   Price(s) and volume(s)                             Price(s)             Volume(s) 
                                                               i. GBP6.33      71 
                                                                 GBP0.00        142 
                                                               ii. GBP6.33     71 
                                                                 GBP0.00        142 
                                                               iii. GBP6.33    71 
                                                                 GBP0.00        142 
                                                               iv. GBP6.33     71 
                                                                 GBP0.00        142 
                                                               v. GBP6.33      71 
                                                                 GBP0.00        142 
     ------------------------------------------------  --------------------------------------------------------------- 
 e)   Aggregated information                            N/A 
       - Aggregated volume 
       - Price 
     ------------------------------------------------  --------------------------------------------------------------- 
 f)   Date of the transaction                           2 May 2019 
     ------------------------------------------------  --------------------------------------------------------------- 
 g)   Place of the transaction                          XLON 
     ------------------------------------------------  --------------------------------------------------------------- 
 

Enquiries

   Rockrose Energy plc                                      [phone] 

Broker:

Hannam & Partners (Advisory) LLP

   Giles Fitzpatrick / Andrew Chubb                    [phone] 

Financial PR:

Celicourt

   Mark Antelme / Henry Lerwill                         [phone] 

For further information, please visit the Company's website at www.rockroseenergy.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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May 03, 2019 11:00 ET (15:00 GMT)