Results of General Meeting

RNS Number : 4411C

Rockhopper Exploration plc

12 November 2009

 



12 November 2009

Rockhopper Exploration plc

£50 million share placing - all resolutions passed at today's General Meeting and assignment agreement with Desire Petroleum Plc ("Desire") and Diamond Offshore Drilling (UK) Limited ("Diamond") signed today

The Board of Rockhopper Exploration plc ("Rockhopper") announces that all the resolutions in its notice of General Meeting dated 26 October 2009 were passed earlier today.

The £50 million share placing at 54p per share announced on that date remains conditional on the admission to trading on AIM tomorrow of all 92,592,593 new Ordinary Shares that are subject to the Placing and on the placing agreement between Rockhopper and Canaccord Adams becoming unconditional tomorrow in all other respects.

It is expected that the share placing will become unconditional and the admission of such new Ordinary Shares to trading on AIM will become effective at 8.00 a.m. tomorrow.

Further to Rockhopper's announcement about the share placing dated 26 October 2009 ("Placing Announcement"), the Board of Rockhopper confirms that the assignment agreement ("Assignment Agreement") between Rockhopper, Desire and Diamond in relation to the rig services contract between Desire and Diamond has today been signed by each of the parties. The Assignment Agreement remains conditional on Rockhopper depositing in an escrow account certain amounts to be paid by Rockhopper for two of Desire's rig slots. Further details of the proposed drilling campaign are included in the Placing Announcement.

Where applicable, terms used in this announcement have the meanings that they have in the Placing Announcement.

Contacts

For further information contact:

Rockhopper Exploration plc	www.rockhopperexploration.co.uk
Sam Moody - Managing Director	01722 414 419
Aquila Financial Ltd Peter Reilly	www.aquila-financial.com 0118 979 4100
Canaccord Adams Limited
Jeffrey Auld / Elijah Colby Henry Fitzgerald-O'Connor	020 7050 6500

 

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