Rockhopper Exploration plc Grant of options under Long Term Incentive Plan (4374H)
August 01 2019 - 2:00AM
UK Regulatory
TIDMRKH
RNS Number : 4374H
Rockhopper Exploration plc
01 August 2019
1 August 2019
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Grant of options under Long Term Incentive Plan
Rockhopper Exploration plc (AIM: RKH), the oil and gas
exploration and production company with key interests in the North
Falkland Basin and the Greater Mediterranean region, announces that
on 31 July 2019, certain Directors were granted awards in the form
of options to acquire Rockhopper shares under the Company's Long
Term Incentive Plan ("LTIP") which has been operated annually since
its approval by shareholders at the 2013 Annual General Meeting. A
summary of the LTIP is included in the 2013 AGM notice which can be
found on the Company's website and in the 2018 Annual Report.
Details of the awards are shown below:
Name Number of options under award
Sam Moody (CEO) 2,100,000
------------------------------
Stewart MacDonald (CFO) 2,100,000
------------------------------
The awards are structured as nil-cost options and, subject to
meeting specific performance criteria as outlined below, will
normally vest three years after the start of the performance
period.
The percentage of awards which will vest will be dependent on
total shareholder return measured against a peer group of 14 other
oil and gas companies over a three year period ending on 31 March
2022. Performance measurement for these awards will be based on the
Company's average share price over the 90 day dealing period to 31
March 2019 measured against the average share price for the 90 day
dealing period to 31 March 2022. No awards will vest in the event
that the Company's total shareholder return is below the median of
its peer group over the three year measurement period. In the event
that the awards vest, the vested awards will normally remain
exercisable for a period of seven years subject to the rules of the
LTIP regarding leavers.
Set out below is the information required by Article 19(3) of
the EU Market Abuse Regulation No 596/2014 in relation to the award
of options over Rockhopper shares to certain Directors under the
Company's LTIP:
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Samuel Moody
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- --------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Rockhopper Exploration plc
-------------------------------- --------------------------------------
b) LEI 213800IPXW6XRLVCL581
-------------------------------- --------------------------------------
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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code GB00BOFVQX23
-------------------------------- --------------------------------------
b) Nature of the transaction Award of options over Ordinary Shares
of 1 pence each
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Date of transaction: 31 July 2019
Price: Nil
Volume: 2,100,000
-------------------------------- --------------------------------------
d) Aggregated information Date of transaction: 31 July 2019
Aggregated volume: 2,100,000
Price: Nil
-------------------------------- --------------------------------------
e) Date of the transaction 31 July 2019
-------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stewart MacDonald
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Rockhopper Exploration plc
-------------------------------- --------------------------------------
b) LEI 213800IPXW6XRLVCL581
-------------------------------- --------------------------------------
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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code GB00BOFVQX23
-------------------------------- --------------------------------------
b) Nature of the transaction Award of options over Ordinary Shares
of 1 pence each
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Date of transaction: 31 July 2019
Price: Nil
Volume: 2,100,000
-------------------------------- --------------------------------------
d) Aggregated information Date of transaction: 31 July 2019
Aggregated volume: 2,100,000
Price: Nil
-------------------------------- --------------------------------------
e) Date of the transaction 31 July 2019
-------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------
The Company announces that the performance period for the LTIP
awards granted on 22 April 2016 to certain Directors and employees
has ended and none of the awards have vested.
Enquiries:
Rockhopper Exploration plc
Jan Davies, Company Secretary
Tel. +44 (0) 20 7390 0230 (via Vigo Communications)
Canaccord Genuity Limited (NOMAD and Joint Broker)
Henry Fitzgerald-O'Connor
James Asensio
Tel. +44 (0) 20 7523 8000
Peel Hunt LLP (Joint Broker)
Richard Crichton
David McKeown
Tel. +44 (0) 20 7418 8900
Vigo Communications
Patrick d'Ancona
Ben Simons
Tel. +44 (0) 20 7390 0231
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 rns@lseg.com or visit www.rns.com.
END
MSCEFLFXKDFLBBK
(END) Dow Jones Newswires
August 01, 2019 02:00 ET (06:00 GMT)
Rockhopper Exploration (AQSE:RKH.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024
Rockhopper Exploration (AQSE:RKH.GB)
Historical Stock Chart
From Nov 2023 to Nov 2024
