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RRE Rockrose Energy Plc

1,848.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rockrose Energy Plc LSE:RRE London Ordinary Share GB00BYNFCH09 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,848.00 1,848.00 1,850.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

RockRose Energy plc Exercise of options and PDMR Dealings (5243X)

28/08/2020 5:41pm

UK Regulatory


Rockrose Energy (LSE:RRE)
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TIDMRRE

RNS Number : 5243X

RockRose Energy plc

28 August 2020

RockRose Energy plc (the "Company")

Exercise of options and PDMR Dealings

Following the announcement of yesterday that the High Court of Justice in England and Wales had made an order sanctioning the scheme of arrangement under section 899 of the Companies Act pursuant to which Viaro Energy will acquire the entire issued and to be issued ordinary share capital of RockRose (the "Scheme") and that the Scheme has now become fully unconditional, (subject only to the delivery of a copy of the Court Order to the Registrar of Companies), the Company received notice of exercise of 156,847 options held under the Rockrose Long Term Share Option Incentive Plan.

Of the 156,847 new ordinary shares to be issued, 13,667 will be satisfied by a transfer from the Company's employee benefit trust, and 143,180 new ordinary shares will be allotted and issued to option holders credited as fully paid. The 143,180 new ordinary shares are within the Company's "Rockrose Long Term Share Option Incentive Plan" block listing facility which has been effective since 15 May 2020.

Following this issue, the Company has the ability to issue 131,820 ordinary shares under "Rockrose Long Term Share Option Incentive Plan" block listing facility block listing facility of 15 May 2020.

As a result of this allotment, the total number of ordinary shares in issue now stands at 13,349,379.

The above figure 13,349,379 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure 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) Peter Mann 
                                                         (iii) Richard Slape 
     ------------------------------------------------  ----------------------------------------------- 
 2.   Reason for the notification - exercise of options 
     ------------------------------------------------------------------------------------------------- 
 a)   Position / status                                 (i) Executive Chairman 
                                                         (ii) Managing Director 
                                                         (iii) Chief Financial Officer 
     ------------------------------------------------  ----------------------------------------------- 
 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                         Exercise of share options 
     ------------------------------------------------  ----------------------------------------------- 
 d)   Price(s) and volume(s)                             Price(s)            Volume(s) 
                                                             (i) GBP8.15      73,620 
 
                                                             ii. GBP8.15       16,756 
 
                                                             iii. GBP17.59     12,270 
     ------------------------------------------------  ----------------------------------------------- 
 e)   Aggregated information                            N/A 
       - Aggregated volume 
       - Price 
     ------------------------------------------------  ----------------------------------------------- 
 f)   Date of the transaction                           28 August 2020 
     ------------------------------------------------  ----------------------------------------------- 
 g)   Place of the transaction                          XLON 
     ------------------------------------------------  ----------------------------------------------- 
 

For further information, please contact:

RockRose Energy plc +44 (0)20 3826 4800

www.rockroseenergy.com

Financial Adviser:

Hannam & Partners (Advisory) LLP

Giles Fitzpatrick / Andrew Chubb +44 (0)20 7907 8500

Brokers:

Whitman Howard

Hugh Rich / Nick Lovering +44 (0)20 7659 1261 / 1224

Financial PR:

Celicourt

Mark Antelme / Philip Dennis / Ollie Mills +44 (0)20 8434 2643]

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

August 28, 2020 12:41 ET (16:41 GMT)

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