24 May 2018 07:02
For immediate release 24 May 2018
Rockrose Energy plc
(Incorporated in England and Wales with company number 09665181)
PDMR dealings
Rockrose Energy plc (LSE: RRE) (the "Company") announces the Board has, on a recommendation of the Remuneration Committee, granted a total of 121,294 share options, in accordance with the rules of the Company's Share Option Plan 2015, to Richard Benmore and a member of staff as follows:
Richard Benmore 107,817 options
Other staff 14,205 options
All of the options awarded are for 10 years and each award will vest 33.3% on the first, second and third anniversary of the Award Date. The exercise price for the option granted to Mr Benmore is set at £3.71 pence per Ordinary Share and £3.52 for the staff member award (as the formal grant of the award was held over from its due date due to the Company being in an extended close period). Any exercise of the options will be satisfied by the issue of new ordinary shares.
The Company currently has 15,353,275 Ordinary Shares in issue.
The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:
1. | Details of PDMR / person closely associated | |||
a) | Name | Richard Benmore | ||
2. | Reason for the notification: Grant of options | |||
a) | Position / status | Non-Executive Director | ||
b) | Initial notification /amendment | Initial notification | ||
3. | Details of the issuer | |||
a) | Name | Rockrose Energy plc | ||
b) | LEI | 213800W3DXD7SNOYGG30 | ||
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 | Ordinary Shares of 20p each | ||
b) | Identification code of the Financial Instrument | ISIN for Rockrose Energy plc: GB00BYNFCH09 | ||
c) | Nature of the transaction | Acquisition of option to acquire Ordinary Shares in Rockrose Energy plc under Unapproved Share Option Scheme | ||
d) | Price(s) and volume(s) |
Price: £3.71; Volume: 107,817 | ||
e) | Aggregated information - Aggregated volume - Price | N/A
| ||
f) | Date of the transaction | 23 May 2018 | ||
g) | Place of the transaction | XLON | ||
Enquiries:
Rockrose Energy plc +44 (0)20 3826 4800 Broker:
Hannam& Partners (Advisory) LLP
Giles Fitzpatrick / Andrew Chubb +44 (0)20 7907 8500
Financial PR:
Camarco
Billy Clegg +44 (0)20 3757 4980
Owen Roberts
Ollie Head
For further information, please visit the Company's website at www.rockroseenergy.com.