Rockhopper Exploration plc Directors Dealing and Total Voting Rights (4354D)
January 29 2015 - 2:01AM
UK Regulatory
TIDMRKH
RNS Number : 4354D
Rockhopper Exploration plc
29 January 2015
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Share Incentive Plan, Total Voting Rights and Blocklisting
Application
Rockhopper Exploration plc (AIM: RKH), the oil and gas
exploration and production company with interests in the North
Falkland Basin and the Greater Mediterranean region, provides the
following update regarding the Company's Share Incentive Plan
("SIP"), including the participation of certain directors.
Share Incentive Plan
In respect of the month of January 2015 the Trustee of the
Rockhopper Share Incentive Plan (the "SIP") has approved the issue
of 103,176 Ordinary Shares in the Company ("Shares") under the
terms of the SIP on behalf of employees and officers of the
Company.
Under the terms of the SIP, which was approved by shareholders
in 2011, eligible employees can purchase up to GBP1,800 worth of
Shares in any financial year and these are matched by the Company.
The ratio of matching Shares to purchased Shares is decided by the
Remuneration Committee at the beginning of each tax year. In
addition, a free award of up to GBP3,600 worth of Shares (the "Free
Share Award") can be made to eligible employees, all of whom can
participate on the same basis. The Remuneration Committee agreed
that a Free Share Award of GBP3,000 worth of Shares should be made
for the 2014/15 tax year. The Free Share Award is satisfied by the
allotment of new Shares based on the closing price of the Company's
Shares on the day before the allotment.
The executive directors of the Company ("Directors") are
currently participating in the SIP on a monthly basis and details
of their participation is made on a quarterly basis. Set out below
are details of the Free Share Award made to Directors for the
2014/15 tax year:
% of issued
Number of Shares share capital
Number of Free held as at 27 held as at 27
Director Shares Awarded January 2015 January 2015
Sam Moody 5,581 1,748,648 0.6
Fiona MacAulay 5,581 40,473 0.01
Stewart MacDonald 5,581 13,193 0.005
The Company's Remuneration Committee will continue to review
annually the operation of the SIP.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the Company confirms that, following the
issue of 103,176 shares under the terms of the SIP described above,
the issued ordinary share capital of the Company as at 28 January
2015 consists of 292,908,629 shares with voting rights attached
(one vote per ordinary share).
Blocklisting Application
The Company has in place a blocklisting for the allotment of new
shares under the SIP. In order to provide for the anticipated issue
of shares under the SIP for the remainder of the current tax year
and for the 2015/2016 tax year, the Company has applied for a
further 350,000 shares to be blocklisted (the "Blocklisting
Shares").
The Blocklisting Shares are expected to be admitted to trading
on AIM on 3 February 2014
ENQUIRIES
Rockhopper Exploration plc via Vigo Communications -
Jan Davies, Company Secretary 020 7016 9571
Henry Fitzgerald-O'Connor
Canaccord Genuity Limited, NOMAD and Joint broker 020 7523 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAPFPASXSEFF
Rockhopper Exploration (LSE:RKH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rockhopper Exploration (LSE:RKH)
Historical Stock Chart
From Apr 2023 to Apr 2024