Last checked at 9 Feb 2016 07:00
9 February 2016
Rockhopper Exploration Plc
(the "Company" or "Rockhopper")
Directors Dealing and Total Voting Rights
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 Rockhopper Share Incentive Plan ("SIP"), including the participation of certain directors.
Share Incentive Plan
Under the terms of the SIP, which was approved by shareholders in 2011, an award of up to £3,600 worth of ordinary shares in the Company ("Shares") (the "Free Share Award") can be made in respect of each tax year to eligible employees, all of whom can participate on the same basis. The Remuneration Committee has agreed that a Free Share Award of £3,000 worth of Shares should be made for the 2015/16 tax year. The Free Share Award is satisfied by the allotment of new Shares based on the closing price of the Shares on the day before the allotment.
On 4 February 2016, Sam Moody, Stewart MacDonald and Fiona MacAulay each accepted a Free Share Award of 10,084 shares in respect of the 2015/16 tax year at a share price of 29.75 pence being the closing mid-market price on 4th February 2016.
In addition, set out below is the directors' participation in the SIP for the three month period ended 31 December 2015.
Director | Number of Partnership Shares Awarded | Number of Matching Shares Awarded | Price of Awards | Number of Ordinary Shares held as at 5 February 2016* | % of issued share capital as at 5 February 2016
|
Sam Moody
|
1,377
|
2,754
|
26.25p to 41.25p |
2,034,101 |
0.446 |
Stewart MacDonald
|
1,376 |
2,752 |
26.25p to 41.25p |
35,394 |
0.008 |
Fiona MacAulay
|
1,377 |
2,754 |
26.25p to 41.25p |
62,398 |
0.014 |
\* Totals include the Free Share Awards made on 5th February
The Company's Remuneration Committee will continue to review annually the operation of the SIP.
Total Voting Rights
In accordance with the Financial Services Authority's Disclosure and Transparency Rules, the Company confirms that, following the issue of 40,336 Shares under the terms of the SIP, the issued ordinary share capital of the Company as at 5 February 2016 consists of 456,461,591 Shares with voting rights attached (one vote per ordinary share).
Enquiries
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7016 9573
Jan Davies, Company Secretary
Canaccord Genuity Limited (NOMAD and Joint Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
Liberum Capital (Joint Broker)
Tel: 020 3100 2227
Clayton Bush
Vigo Communications
Tel: 020 7016 9573
Patrick d'Ancona
Ben Simons