Directors Dealing and Total Voting Rights

RNS Number : 4354D

Rockhopper Exploration plc

29 January 2015

 



Rockhopper Exploration plc

("Rockhopper" or the "Company")

Share Incentive Plan, Total Voting Rights and Blocklisting Application

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, provides the following update regarding the Company's Share Incentive Plan ("SIP"), including the participation of certain directors.

Share Incentive Plan

In respect of the month of January 2015 the Trustee of the Rockhopper Share Incentive Plan (the "SIP") has approved the issue of 103,176 Ordinary Shares in the Company ("Shares") under the terms of the SIP on behalf of employees and officers of the Company.

Under the terms of the SIP, which was approved by shareholders in 2011, eligible employees can purchase up to £1,800 worth of Shares in any financial year and these are matched by the Company. The ratio of matching Shares to purchased Shares is decided by the Remuneration Committee at the beginning of each tax year. In addition, a free award of up to £3,600 worth of Shares (the "Free Share Award") can be made to eligible employees, all of whom can participate on the same basis. The Remuneration Committee agreed that a Free Share Award of £3,000 worth of Shares should be made for the 2014/15 tax year. The Free Share Award is satisfied by the allotment of new Shares based on the closing price of the Company's Shares on the day before the allotment.

The executive directors of the Company ("Directors") are currently participating in the SIP on a monthly basis and details of their participation is made on a quarterly basis. Set out below are details of the Free Share Award made to Directors for the 2014/15 tax year:

Director	Number of Free Shares Awarded	Number of Shares held as at 27 January 2015	% of issued share capital held as at 27 January 2015
Sam Moody	5,581	1,748,648	0.6
Fiona MacAulay	5,581	40,473	0.01
Stewart MacDonald	5,581	13,193	0.005

The Company's Remuneration Committee will continue to review annually the operation of the SIP.

 Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company confirms that, following the issue of 103,176 shares under the terms of the SIP described above, the issued ordinary share capital of the Company as at 28 January 2015 consists of 292,908,629 shares with voting rights attached (one vote per ordinary share).

Blocklisting Application

The Company has in place a blocklisting for the allotment of new shares under the SIP. In order to provide for the anticipated issue of shares under the SIP for the remainder of the current tax year and for the 2015/2016 tax year, the Company has applied for a further 350,000 shares to be blocklisted (the "Blocklisting Shares").

The Blocklisting Shares are expected to be admitted to trading on AIM on 3 February 2014

ENQUIRIES

Rockhopper Exploration plc Jan Davies, Company Secretary	via Vigo Communications - 020 7016 9571
Henry Fitzgerald-O'Connor Canaccord Genuity Limited, NOMAD and Joint broker	020 7523 8000

 

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