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Initial Acquisition and Suspension of Listing

14 Sep 2016 08:30

RNS Number : 8019J
RockRose Energy plc
14 September 2016
 

14th September 2016

 

RockRose Energy plc

 

Initial Acquisition and Suspension of Listing

RockRose Energy plc ("RockRose", or the "Company") is pleased to announce that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd ("Maersk") to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields. Any potential transaction remains subject to contract.

 

Any transaction would be subject to the agreement of a definitive Sale and Purchase Agreement ("SPA") with Maersk and the usual regulatory permissions from the Oil and Gas Authority ("OGA") and partners.

 

As any transaction would constitute a reverse takeover, the Company has requested that the UK Listing Authority ("UKLA") suspend the listing of the shares with immediate effect.

 

A further announcement will be made in due course.

 

Ends

 

Enquiries:

RockRose Energy plc

 

 

+44 (0)20 3826 4800

 

Broker

Macquarie Capital (Europe) Limited

 

 

+44 (0)20 3037 2000

 

Financial PR

Camarco

 

 

+44 (0) 20 3757 4980

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFFDARISLIR
Date   Source Headline
31st Mar 20173:34 pmRNSAnnual Financial Report
22nd Mar 20177:00 amRNSUpdate on Acquisitions and Re-Admission
22nd Dec 20167:00 amRNSUpdate on Acquisition
14th Sep 20168:30 amRNSInitial Acquisition and Suspension of Listing
14th Sep 20167:30 amRNSSuspension - Rockrose Energy
16th Aug 20167:15 amRNSTransfer of Shares
16th Aug 20167:11 amRNSInterim Results
31st Mar 20167:00 amRNSInterim Results
13th Jan 20167:00 amRNSFirst Day of Dealings

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