9 Apr 2018 08:25
9 April 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Grant of Options under incentivisation schemes
Rose (AIM: ROSE), the AIM quoted natural resources business, 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") on 6 April 2018. A total of 7,900,000 Options have been issued to various directors, employees and contractors of the Company.
The Options will vest in three equal annual tranches, on the first, second and third anniversary from the date of grant. Each Option is exercisable into one Ordinary Share and, once vested, can be exercised up until the tenth anniversary of the grant date. The Options are exercisable at a price of 3.5p per share, being a circa 56 per cent premium to the closing mid-market price of the Ordinary Shares on AIM on the last trading day prior to the grant.
Of the 7,900,000 Options issued, 4,300,000 have been issued to certain directors of the Company as set out below, and the other 3,600,000 Options have been issued to employees and contractors of the Company. Details of the Options granted to directors are outlined in the table below:
Name of Director | Number of Options granted | Total number of options over Ordinary Shares now held |
Matthew Idiens | 2,000,000 | 3,118,000 |
Chris Eadie | 1,300,000 | 1,900,000 |
Philip Jeffcock | 500,000 | 500,000 |
Kelly Scott | 500,000 | 759.333 |
The Options granted represent approximately 7 per cent. of the Company's current issued share capital. In total 11,436,833 Options are now outstanding, representing approximately 10.15 per cent. of the Company's current issued share capital. In addition, there are 7,625,000 outstanding warrants over Ordinary Shares in issue, representing approximately 6.8 per cent. of the Company's current issued share capital.
Enquiries:
Matthew Idiens (CEO) Chris Eadie (CFO)
| Rose Petroleum plc | Tel: +44 (0) 20 7225 4595 Tel: +44 (0) 20 7225 4599 |
Jeremy Porter / James Reeve / Liz Kirchner
| Allenby Capital Limited
| Tel: +44 (0) 20 3328 5656
|
Andy Thacker
| Turner Pope Investments | Tel: +44 (0)20 3621 4120 |
Media enquiries: | ||
Peter Curtain
| Allerton Communications | Tel: +44 (0) 20 3633 1730 peter.curtain@allertoncomms.co.uk |
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 |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Rose Petroleum plc | ||||
b) | LEI | 254900TAVH3MBZ1EMC29 | ||||
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 Financial instrument, type of instrument |
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Identification code | GB00B013M672 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price | n/a | ||||
e) | Date of the transaction | 06 April 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Rose Petroleum plc | ||||
b) | LEI | 254900TAVH3MBZ1EMC29 | ||||
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 Financial instrument, type of instrument |
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Identification code | GB00B013M672 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price | n/a | ||||
e) | Date of the transaction | 06 April 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Phillip Jeffcock | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
b) | Initial notification/Amendment |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Rose Petroleum plc | ||||
b) | LEI | 254900TAVH3MBZ1EMC29 | ||||
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 Financial instrument, type of instrument |
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Identification code | GB00B013M672 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price | n/a | ||||
e) | Date of the transaction | 06 April 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Rose Petroleum plc | ||||
b) | LEI | 254900TAVH3MBZ1EMC29 | ||||
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 Financial instrument, type of instrument |
| ||||
Identification code | GB00B013M672 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price | n/a | ||||
e) | Date of the transaction | 06 April 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||