TIDMROSE
RNS Number : 4836A
Rose Petroleum PLC
24 March 2017
24 March 2017
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Grant of Options under incentivisation scheme
Rose (AIM: ROSE), the AIM quoted natural resources business,
having consulted with its advisers, announces the grant of options
over ordinary shares of 0.1p each in the Company ("Ordinary
Shares") under the Company's existing employee share option schemes
("Options"). A total of 245,000,000 Options have today been issued
to various directors and employees of the Company.
The Options will vest in three equal annual tranches, on the
first, second and third anniversary from today's date. Each Option
is exercisable into one Ordinary Share and, once vested, can be
exercised up until the tenth anniversary of today's date. The
Options are exercisable at a price of 0.14p per share and only
after the mid-market Ordinary Share price remains at 0.175p (a 25%
premium to the exercise price) or higher for 10 consecutive trading
days.
Of the 245 million Options issued today, 150 million have been
issued to certain directors of the Company as set out below, and
the other 95 million Options have been issued to employees of the
Company. Details of the Options granted to directors are outlined
in the table below:
Name of Director Number of Options Total number of
granted options over Ordinary
Shares now held
Matthew Idiens 70,000,000 111,800,000
Chris Eadie 50,000,000 60,000,000
Kelly Scott 15,000,000 25,933,333
Kris Hefton 15,000,000 31,000,000
The Options granted today represent approximately 6.5 per cent
of the Company's current issued share capital. In total 388,283,333
Options are now outstanding, representing approximately 10.3 per
cent of the Company's current issued share capital.
Philip Jeffcock, Chairman and Independent Director, commented:
"Over the past eighteen months we have implemented a cost cutting
programme across the Group. However, given the significant amount
of activity that is currently taking place across the Group it is
essential to incentivise and motivate the team to ensure that we
deliver on our key objectives and I hope these proportionate and
well deserved option awards will go a long way towards helping us
achieve that."
Enquiries:
Rose Petroleum Tel: +44 (0)
plc 20 7225 4595
Matthew Idiens (CEO) Tel: +44 (0)
Chris Eadie (CFO) 20 7225 4599
---------------------- ---------------- ---------------
Jeremy Porter / James Allenby Capital Tel: +44 (0)
Reeve / Liz Kirchner Limited 20 3328 5656
James Pope / Ben Turner Pope Tel: +44 (0)20
Turner Investments 3621 4120
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Matthew Idiens
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status CEO
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
of the Financial ordinary shares
instrument, of 0.5p
type of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 70,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated
volume
Price
--- ------------------------------- -------------------------------
e) Date of the 24 March 2017
transaction
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Christopher Eadie
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status CFO
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
of the Financial ordinary shares
instrument, of 0.5p
type of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 50,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated
volume
Price
--- ------------------------------- -------------------------------
e) Date of the 24 March 2017
transaction
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Kelly Scott
--- ------------------------------- -------------------------------
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 Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
of the Financial ordinary shares
instrument, of 0.5p
type of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 15,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated
volume
Price
--- ------------------------------- -------------------------------
e) Date of the 24 March 2017
transaction
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Kristopher Hefton
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status COO
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
of the Financial ordinary shares
instrument, of 0.5p
type of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 15,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated
volume
Price
--- ------------------------------- -------------------------------
e) Date of the 24 March 2017
transaction
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Ty Watson
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
the Financial ordinary shares
instrument, type of 0.5p
of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 45,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 24 March 2017
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange,
transaction AIM Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Ignacio Elices Teja
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
the Financial ordinary shares
instrument, type of 0.5p
of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.14 pence
per share 20,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 24 March 2017
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange,
transaction AIM Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Luis Francisco Perez Agosttini
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status PDMR
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Rose Petroleum plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Options over
the Financial ordinary shares
instrument, type of 0.5p
of instrument
---
Identification GB00B013M672
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -----------
Exercise price
0.14 pence
per share 15,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 24 March 2017
--- ------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange,
AIM Market (XLON)
--- ------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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