30th Apr 2018 07:05
30 April 2018
Rockrose Energy plc ("Rockrose" or the "Company")
Awards under the Rockrose Share Incentive plan and PDMR dealings
The Company announces that it received notification on 27 April 2018 from Equiniti Share Plan Trustees Limited (the "SIP Trustees") that, following standing payroll contribution elections in respect of the 2017/18 and 2018/19 tax years, made during March 2018 the SIP Trustees, awarded 19,941 ordinary shares of 20p each in the Company ("Ordinary Shares") to participants in the Rockrose Energy plc Share Incentive Plan (the "SIP") at a price of 352p per share, being the price per share determined under the rules of the SIP. This allocation reflects the entire annual allocation for all participants for the 2017/18 tax year; allocations will be made by the SIP Trustees on a monthly or quarterly basis during the 2018/19 tax year.
The SIP award has been partly satisfied by the issue of 19,941 new Ordinary Shares to the SIP Trustee at a subscription price of 20p per share, being the nominal value of the shares. The SIP Shares shall rank equally with the existing issued shares of the Company. The SIPP Shares will be allocated out of shares the subject of a block listing announced on 23 April 2018.
Each participating employee will receive an allocation of Partnership Shares (being shares acquired at market value using contributions deducted from employees' pre-tax salaries; "Partnership Shares"), Matching Shares (being ordinary shares of twice the number of Partnership Shares acquired by an employee which are paid for by the Company; "Matching Shares") and Free Shares (being ordinary shares to a value not exceeding £3,600 in the current tax year, which are paid for by the Company; "Free Shares").
Details of the purchaser and awards under the SIP by Persons Discharging Managerial Responsibility ("PDMR") are set out below.
PDMR | Share subscription under the SIP | Matching Allocation | Resulting Voting Rights |
Andrew Austin | 553 | 1,106 | 1,659 |
Richard Benmore | 553 | 1,106 | 1,659 |
Peter Mann | 553 | 1,106 | 1,659 |
John Morrow | 553 | 1,106 | 1,659 |
Steve Pawson | 553 | 1,106 | 1,659 |
The issued share capital of the Company following the above detailed issue of shares will be 15,353,275 Ordinary Shares. The total number of voting rights in Rockrose will be 15,353,275 Ordinary Shares, which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in IGas under the Financial Conduct Authority's Disclosure and Transparency Rules.
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 | (i) Andrew Austin (ii) Richard Benmore (iii) John Morrow (iv) Peter Mann (v) Steve Pawson | ||||||||||||
2. | Reason for the notification | |||||||||||||
a) | Position / status | (i) Executive Chairman (ii) Non-Executive (iii) Non-Executive (iv) Managing Director (iii) Finance 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 Ordinary Shares in Rockrose Energy plc as under SIP by the SIP Trustees pursuant to the SIP
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d) | Price(s) and volume(s) |
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e) | Aggregated information - Aggregated volume - Price | N/A
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f) | Date of the transaction | 30 April 2018 | ||||||||||||
g) | Place of the transaction | XLON | ||||||||||||
ENDS
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.
Related Shares:
RRE.L