13th Jan 2016 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, SINGAPORE, HONG KONG OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
13 January 2016
RockRose Energy plc
Admission to Trading and First Day of Dealings
Following the publication of its Prospectus on 8 January 2016, RockRose Energy plc ("RockRose", or the "Company") announces that its entire issued share capital of 10,000,000 ordinary shares of 20 pence each (the "Ordinary Shares") will today be admitted to the Standard Listing segment of the Official List of the UK Listing Authority and to trading on the Main Market for listed securities of the London Stock Exchange (together, "Admission").
£4.4 million before expenses has been raised on behalf of the Company via a placing of 8,800,000 new Ordinary Shares (the "Placing") at a price of 50 pence per share. On Admission, RockRose will have a market capitalisation at the Placing price of £5 million. Dealings will commence at 8.00am under the TIDM RRE with ISIN number GB00BYNFCH09.
Andrew Austin, the Company's Executive Chairman commented:
"We are delighted to be joining the Main Market and would like to thank all of our investors for their support. We are excited by the opportunity that we see in the UK oil and gas sector to acquire interests in production assets with meaningful reserves and are confident that we have the right platform to grow the portfolio in a capital efficient way while delivering shareholder value."
RockRose is registered in the United Kingdom and was formed to pursue a targeted acquisition strategy focused initially on UK onshore and offshore oil and gas, differentiated by its approach to asset stewardship. The Company intends to use the net proceeds of the Placing to fund the due diligence and other transaction costs in respect of potential acquisitions.
The total number of Ordinary Shares in the Company in issue immediately following Admission is 10,000,000, each with equal voting rights. This total voting rights figure of 10,000,000 can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the Disclosure and Transparency Rules of the Financial Conduct Authority.
Enquiries:
RockRose Energy plc Andrew Austin, Executive Chairman
| +44 (0)20 3826 4800
|
Sole Broker and Co-ordinator Macquarie Capital (Europe) Limited Ken Fleming Nick Donovan
|
+44 (0)20 3037 2000
|
Financial PR Camarco Billy Clegg Georgia Mann
|
+44 (0) 20 3757 4980
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Related Shares:
RRE.L