Director Dealings

RNS Number : 8912S

Rockhopper Exploration plc

27 May 2009

 



27 May 2009

Director Dealings

Rockhopper Exploration plc ('Rockhopper' or the 'Company') today announces that on 26 May 2009 it received notification from Mr. Richard Visick, a non-executive director of the Company, that on 26 May 2009, he had repaid the loan, previously announced on 15 January 2009, which had been secured over 1,000,000 of his beneficially held ordinary shares of GBP0.01 each in the Company ('Ordinary Shares'), representing 1.24 per cent. of the issued Ordinary Share capital of the Company.On the same day, the Company received notification that on 26 May 2009 Mr Visick disposed of by way of gift, the following shares to a number of newly created trusts, each with a charitable object. Mr Visick and his family are specifically excluded from being beneficiaries to these trusts. 

The Charles Darwin Settlement	500,000 shares
The Islands Settlement	652,300 shares
The South Atlantic Settlement	500,000 shares
The North Falklands Settlement	500,000 shares
TOTAL	2,152,300 shares

Following these gifts, Mr. Visick is beneficially interested in 15,830,143 Ordinary Shares representing 19.75 per cent. of the issued Ordinary Share capital of the Company. This total includes 192,500 Ordinary Shares, representing 0.24 per cent. of the issued Ordinary Share capital of the Company, held in the name of Legal and Commercial Trustee Retirement Benefit Scheme (pension fund), where Mr. Visick is a trustee and beneficiary. In addition, 512,508 of the Ordinary Shares, representing 0.64 per cent. of the issued Ordinary Share capital of the Company, are held in Mr Visick's IPS pension fund, of which he is the sole beneficiary. 

For further information, please contact:

Rockhopper Exploration plc	www.rockhopperexploration.co.uk
Sam Moody - Managing Director	01722 414 419
Aquila Financial Ltd	www.aquila-financial.com
Peter Reilly	0118 978 4100
Canaccord Adams Limited
Jeffrey Auld / Eli Colby /	020 7050 6500
Henry Fitzgerald-O'Connor

Notes to editorswww.rockhopperexploration.co.uk The Rockhopper Group started trading in February 2004 to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Group, floated on AIM in August 2005, is currently the largest licence holder in the North Falkland Basin and has a 100 per cent. interest in four offshore production licences which cover approximately 3,800 sq. km. These licences have been granted by the Falkland Islands government.

 

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