Grant of Options

RNS Number : 1887K

Rose Petroleum PLC

09 April 2018

 

9 April 2018

Rose Petroleum plc

("Rose", the "Company" or the "Group")

Grant of Options under incentivisation schemes

Rose (AIM: ROSE), the AIM quoted natural resources business, announces the grant of options over ordinary shares of 0.1p each in the Company ("Ordinary Shares") under the Company's existing employee share option schemes ("Options") on 6 April 2018. A total of 7,900,000 Options have been issued to various directors, employees and contractors of the Company.

The Options will vest in three equal annual tranches, on the first, second and third anniversary from the date of grant. Each Option is exercisable into one Ordinary Share and, once vested, can be exercised up until the tenth anniversary of the grant date. The Options are exercisable at a price of 3.5p per share, being a circa 56 per cent premium to the closing mid-market price of the Ordinary Shares on AIM on the last trading day prior to the grant.

Of the 7,900,000 Options issued, 4,300,000 have been issued to certain directors of the Company as set out below, and the other 3,600,000 Options have been issued to employees and contractors of the Company. Details of the Options granted to directors are outlined in the table below:

Name of Director	Number of Options granted	Total number of options over Ordinary Shares now held
Matthew Idiens	2,000,000	3,118,000
Chris Eadie	1,300,000	1,900,000
Philip Jeffcock	500,000	500,000
Kelly Scott	500,000	759.333

The Options granted represent approximately 7 per cent. of the Company's current issued share capital. In total 11,436,833 Options are now outstanding, representing approximately 10.15 per cent. of the Company's current issued share capital. In addition, there are 7,625,000 outstanding warrants over Ordinary Shares in issue, representing approximately 6.8 per cent. of the Company's current issued share capital.

Enquiries:

Matthew Idiens (CEO) Chris Eadie (CFO)	Rose Petroleum plc	Tel: [phone] Tel: [phone]
Jeremy Porter / James Reeve / Liz Kirchner	Allenby Capital Limited	Tel: [phone]
Andy Thacker	Turner Pope Investments	Tel:  [phone]
Media enquiries:
Peter Curtain	Allerton Communications	Tel: [phone] [e-mail]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Idiens
2.	Reason for the Notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rose Petroleum plc
b)	LEI	254900TAVH3MBZ1EMC29
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, type of instrument	Options over ordinary shares of 0.1p
	Identification code	GB00B013M672
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 3.5 pence per share 2,000,000
d)	Aggregated information: Aggregated volume Price	n/a
e)	Date of the transaction	06 April 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Eadie
2.	Reason for the Notification
a)	Position/status	CFO
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rose Petroleum plc
b)	LEI	254900TAVH3MBZ1EMC29
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, type of instrument	Options over ordinary shares of 0.1p
	Identification code	GB00B013M672
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 3.5 pence per share 1,300,000
d)	Aggregated information: Aggregated volume Price	n/a
e)	Date of the transaction	06 April 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phillip Jeffcock
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rose Petroleum plc
b)	LEI	254900TAVH3MBZ1EMC29
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, type of instrument	Options over ordinary shares of 0.1p
	Identification code	GB00B013M672
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 3.5 pence per share 500,000
d)	Aggregated information: Aggregated volume Price	n/a
e)	Date of the transaction	06 April 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kelly Scott
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rose Petroleum plc
b)	LEI	254900TAVH3MBZ1EMC29
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, type of instrument	Options over ordinary shares of 0.1p
	Identification code	GB00B013M672
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price 3.5 pence per share 500,000
d)	Aggregated information: Aggregated volume Price	n/a
e)	Date of the transaction	06 April 2018
f)	Place of the transaction	Outside a trading venue

 

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