RockRose Energy plc Exercise of options and PDMR Dealings (5243X)
29 August 2020 - 2:41AM
UK Regulatory
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]
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END
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