Rockhopper Exploration plc Director Dealings (3058A)
December 19 2014 - 6:35AM
UK Regulatory
TIDMRKH
RNS Number : 3058A
Rockhopper Exploration plc
19 December 2014
19 December 2014
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Exercise of Share Options and Allotment of Shares
The Company has been notified that Sam Moody exercised an option
over 425,000 shares in the Company at an exercise price of 10 pence
per share on 16(th) December 2014. The option was due to expire in
April 2015.
Mr Moody elected to sell 237,136 shares to discharge the cost of
exercise and his tax and national insurance obligations. On 19
December 2014, these shares were purchased by the Rockhopper
Employee Benefit Trust (the "EBT") which was established in 2013
for the purpose of holding shares to satisfy future exercises of
options and vesting of awards under the Company's Long Term
Incentive Plan. The 237,136 shares are being acquired by the EBT by
way of an off market purchase at a price of 60.25 pence being the
closing share price on the date of exercise. The remaining 187,864
shares have been retained by Mr Moody who now holds 1,741,555
shares in the Company representing 0.59% of the issued share
capital.
Application has been made for the admission of 425,000 new
ordinary shares of 1p each ("New Ordinary Shares") to trading on
AIM pursuant to the exercise of share options. The New Ordinary
Shares will rank pari passu in all respects with the existing
ordinary shares of the Company.
Following the issue of the New Ordinary Shares, the issued share
capital will comprise of 292,795,940 ordinary shares.
The New Ordinary Shares are due to be admitted to trading on AIM
on 24 December 2014.
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7016 9571
Jan Davies - Company Secretary
Canaccord Genuity Limited (NOMAD and Joint Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: 020 7016 9571
Peter Reilly
Patrick d'Ancona
This information is provided by RNS
The company news service from the London Stock Exchange
END
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