TIDMRKH
RNS Number : 3991I
Rockhopper Exploration plc
19 June 2017
19 June 2017
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Director Share Purchases and Awards and Relinquishment under
Long Term Incentive Plan
Rockhopper Exploration plc (AIM: RKH), the oil and gas
exploration and production company with key interests in the North
Falkland Basin and the Greater Mediterranean region, makes the
following announcements in relation to Director dealings and the
Long Term Incentive Plan 2013 (the "LTIP"):
Director Dealings
The Company announces that on 16 June 2017 a total of 1,229,197
ordinary shares of GBP0.01 each in the Company ("Shares") were
purchased by certain Directors as follows:
Director Price Number of Total number % of issued
(pence) shares purchased of shares share
held following capital
purchases following
purchases
----------------------------- ------------ ------------------ ---------------- ------------
Sam Moody (CEO) GBP0.2048 246,898 2,319,211 0.51
----------------------------- ------------ ------------------ ---------------- ------------
David McManus (Chairman) GBP0.2048 366,149 498,952 0.11
----------------------------- ------------ ------------------ ---------------- ------------
Stewart MacDonald
(CFO) GBP0.2048 122,050 240,881 0.05
----------------------------- ------------ ------------------ ---------------- ------------
John Martin (Non-Executive
Director) GBP0.20125 250,000 341,600 0.07
----------------------------- ------------ ------------------ ---------------- ------------
John Summers (Non-Executive
Director) GBP0.2048 244,100 244,100 0.05
----------------------------- ------------ ------------------ ---------------- ------------
Set out below is the information required by Article 19(3) of
the EU Market Abuse Regulation No 596/2014 in relation to the
acquisition of Shares by certain Directors in their capacity as
persons discharging managerial responsibilities (PDMRs):
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name Samuel Moody
--- ------------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Rockhopper Exploration plc
--- ------------------------------- -----------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -----------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -----------------------------
b) Nature of the transaction Acquisition of Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: GBP0.2048
Volume: 246,898
--- ------------------------------- -----------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 246,898
Price: GBP50,564.71
--- ------------------------------- -----------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name David McManus
--- ------------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chairman
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Rockhopper Exploration plc
--- ------------------------------- -----------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -----------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -----------------------------
b) Nature of the transaction Acquisition of Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: GBP0.2048
Volume: 366,149
--- ------------------------------- -----------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 366,149
Price: GBP74,987.32
--- ------------------------------- -----------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name Stewart MacDonald
--- ------------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------
a) Name Rockhopper Exploration plc
--- ------------------------------- -----------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -----------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -----------------------------
b) Nature of the transaction Acquisition of Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: GBP0.2048
Volume: 122,050
--- ------------------------------- -----------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 122,050
Price: GBP24,995.84
--- ------------------------------- -----------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name John Martin
--- ------------------------------- -----------------------------
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 Rockhopper Exploration plc
--- ------------------------------- -----------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -----------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -----------------------------
b) Nature of the transaction Acquisition of Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: GBP0.20125
Volume: 250,000
--- ------------------------------- -----------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 250,000
Price: GBP50,312.50
--- ------------------------------- -----------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name John Summers
--- ------------------------------- -----------------------------
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 Rockhopper Exploration plc
--- ------------------------------- -----------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -----------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -----------------------------
b) Nature of the transaction Acquisition of Shares
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: GBP0.2048
Volume: 244,100
--- ------------------------------- -----------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 244,100
Price: GBP49,991.68
--- ------------------------------- -----------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------- -----------------------------
LTIP Awards
The Company announces that on 16 June 2017 certain Directors
were granted awards in the form of options to acquire Shares under
the Company's LTIP which has been operated annually since its
approval by shareholders at the 2013 Annual General Meeting.
Details of the awards are shown below:
Name Number of options under
award
------------------------- ------------------------
Sam Moody (CEO) 1,900,000
------------------------- ------------------------
Stewart MacDonald (CFO) 1,800,000
------------------------- ------------------------
The awards are structured as nil-cost options and, subject to
meeting specific performance criteria as outlined below, will
normally vest three years after the date of grant.
The percentage of awards which will vest will be dependent on
total shareholder return measured against a peer group of companies
over a three year period ending 31 May 2020. Performance
measurement for these awards will be based on the Company's average
share price over the 90 day dealing period to 31 May 2017 measured
against the average share price for the 90 day dealing period to 31
May 2020. No awards will vest in the event that the Company's total
shareholder return is below the median of its peer group over the
three year measurement period. In the event that the awards vest,
the vested awards will normally remain exercisable for a period of
seven years subject to the rules of the LTIP regarding leavers.
Set out below is the information required by Article 19(3) of
the EU Market Abuse Regulation No 596/2014 in relation to the award
of options over Shares to certain Directors under the Company's
LTIP:
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ----------------------------------------------------------------
a) Name Samuel Moody
--- ------------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Rockhopper Exploration plc
--- ------------------------------- -------------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -------------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -------------------------------
b) Nature of the transaction Award of options over Ordinary
Shares of 1 pence each
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: Nil
Volume: 1,900,000
--- ------------------------------- -------------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 1,900,000
Price: Nil
--- ------------------------------- -------------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ----------------------------------------------------------------
a) Name Stewart MacDonald
--- ------------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Rockhopper Exploration plc
--- ------------------------------- -------------------------------
b) LEI 213800IPXW6XRLVCL581
--- ------------------------------- -------------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
Identification code GB00BOFVQX23
--- ------------------------------- -------------------------------
b) Nature of the transaction Award of options over Ordinary
Shares of 1 pence each
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Date of transaction: 16
June 2017
Price: Nil
Volume: 1,800,000
--- ------------------------------- -------------------------------
d) Aggregated information Date of transaction: 16
June 2017
Aggregated volume: 1,800,000
Price: Nil
--- ------------------------------- -------------------------------
e) Date of the transaction 16 June 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
Relinquishment of LTIP Awards
The Company announces that on 15 June 2017 Fiona MacAulay, COO,
relinquished a total of 3,559,191 unvested LTIP awards.
A summary of the LTIP is included in the 2013 AGM notice which
can be found on the Company's website and in the 2016 Annual
Report.
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7830 9700
Sam Moody - Chief Executive
Stewart MacDonald - Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
Vigo Communications
Tel: 020 7830 9700
Patrick d'Ancona
Ben Simons
This information is provided by RNS
The company news service from the London Stock Exchange
END
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