Awards under Share Incentive Plan & PDMR dealings
21 May 2020
Rockrose Energy plc
("Rockrose" or the "Company")
Awards under the Rockrose Share Incentive Plan and PDMR dealings
The Company announces that it received an application on 20 May 2020 from Equiniti Share Plan Trustees Limited (the "SIP Trustee") in relation to the allotment of 37,008 ordinary shares of nominal value 20 pence each in the capital of the Company ("Ordinary Shares") for the benefit of participants in the Rockrose Share Incentive Plan (the "SIP"), including those Persons Discharging Managerial Responsibility of the Company (each, a "PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").
The SIP Award has been satisfied by the issue of 37,008 new Ordinary Shares (the "SIP Shares") to the SIP Trustee. The SIP Shares shall rank equally with the existing issued Ordinary Shares. The SIP Shares shall be allocated out of Ordinary Shares the subject of a block listing, the most recent six-monthly return in respect of which was announced on 11 May 2020.
Each participating employee will acquire Ordinary Shares at a price of 976 pence per share (determined in accordance with the calculation formula set out in the rules of the SIP) using the contributions deducted from such employee's pre-tax salary ("Partnership Shares"), and each participating employee will be awarded two free Ordinary Shares for each Partnership Share ("Matching Shares"), paid for by the Company.
Details of the Partnership Shares and Matching Shares allotted to PDMRs under the SIP are set out below.
Name of PDMR
Partnership Share allocation
Matching Share allocation
Resulting voting rights
The issued share capital of the Company following the above detailed issue of SIP Shares will be total 13,173,277 Ordinary Shares. The total number of voting rights in Rockrose will be 13,173,277, which should be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in Rockrose under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:
Details of PDMR / person closely associated
(i) Andrew Austin
(ii) Richard Benmore
(iii) John Morrow
(iv) Peter Mann
(v) Richard Slape
Reason for the notification
Position / status
(i) Executive Chairman
(ii) Non-Executive Director
(iii) Non-Executive Director
(iv) Managing Director
(v) Chief Financial Officer
Initial notification /amendment
Details of the issuer
Rockrose Energy plc
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
Description of the financial instrument
Ordinary Shares of nominal value 20 pence each
Identification code of the Financial Instrument
ISIN for Rockrose Energy plc: GB00BYNFCH09
Nature of the transaction
Acquisition of Ordinary Shares in Rockrose Energy plc as under SIP by the SIP Trustee pursuant to the SIP
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
20 May 2020
Place of the transaction
Rockrose Energy plc +44 (0)20 3826 4800
Hugh Rich / Nick Lovering +44 (0)20 7659 1261 / 1224
Mark Antelme / Philip Dennis / Ollie Mills +44 (0)20 8434 2643
For further information, please visit the Company's website at www.rockroseenergy.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.