REG - Rockhopper Exp plc - Director Share Purchases and Awards <Origin Href="QuoteRef">RKH.L</Origin>

Rockhopper ExplorationAnnouncement

19/06/2017 07:06

RNS Number : 3991I
Rockhopper Exploration plc
19 June 2017
19 June 2017
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Director Share Purchases and Awards and Relinquishment 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, makes the following announcements in relation to Director dealings and the Long Term Incentive Plan 2013 (the "LTIP"):
Director Dealings
The Company announces that on 16 June 2017 a total of 1,229,197 ordinary shares of 0.01 each in the Company ("Shares") were purchased by certain Directors as follows:
Director
Price (pence)
Number of shares purchased 
Total number of shares held following purchases 
% of issued share capital following purchases
Sam Moody (CEO)
0.2048
246,898
2,319,211
0.51
David McManus (Chairman)
0.2048
366,149
498,952
0.11
Stewart MacDonald (CFO)
0.2048
122,050
240,881
0.05
John Martin (Non-Executive Director)
0.20125
250,000
341,600
0.07
John Summers (Non-Executive Director)
0.2048
244,100
244,100
0.05
Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014 in relation to the acquisition of Shares by certain Directors in their capacity as persons discharging managerial responsibilities (PDMRs): 
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
GB00BOFVQX23
b)
Nature of the transaction
Acquisition of Shares
c) 
Price(s) and volume(s)
Date of transaction: 16 June 2017 
Price: 0.2048
Volume: 246,898
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 246,898
Price: 50,564.71
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David McManus
2
Reason for the notification
a)
Position/status
Chairman
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
GB00BOFVQX23
b)
Nature of the transaction
Acquisition of Shares
c) 
Price(s) and volume(s)
Date of transaction: 16 June 2017 
Price: 0.2048
Volume: 366,149
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 366,149
Price: 74,987.32
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
London Stock Exchange (XLON)
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
GB00BOFVQX23
b)
Nature of the transaction
Acquisition of Shares
c) 
Price(s) and volume(s)
Date of transaction: 16 June 2017 
Price: 0.2048
Volume: 122,050
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 122,050
Price: 24,995.84
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
John Martin 
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
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
GB00BOFVQX23
b)
Nature of the transaction
Acquisition of Shares
c) 
Price(s) and volume(s)
Date of transaction: 16 June 2017 
Price: 0.20125
Volume: 250,000
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 250,000
Price: 50,312.50
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
John Summers 
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
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
GB00BOFVQX23
b)
Nature of the transaction
Acquisition of Shares
c) 
Price(s) and volume(s)
Date of transaction: 16 June 2017 
Price: 0.2048
Volume: 244,100
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 244,100
Price: 49,991.68
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
London Stock Exchange (XLON)
LTIP Awards 
The Company announces that on 16 June 2017 certain Directors were granted awards in the form of options to acquire Shares under the Company's LTIP which has been operated annually since its approval by shareholders at the 2013 Annual General Meeting.
Details of the awards are shown below:
Name 
Number of options under award
Sam Moody (CEO)
1,900,000
Stewart MacDonald (CFO)
1,800,000
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 date of grant. 
The percentage of awards which will vest will be dependent on total shareholder return measured against a peer group of companies over a three year period ending 31 May 2020. Performance measurement for these awards will be based on the Company's average share price over the 90 day dealing period to 31 May 2017 measured against the average share price for the 90 day dealing period to 31 May 2020. 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 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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
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: 16 June 2017 
Price: Nil
Volume: 1,900,000
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 1,900,000
Price: Nil
e) 
Date of the transaction
16 June 2017
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 instrument, type of instrument
Identification code
Ordinary Shares of 1 pence each
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: 16 June 2017 
Price: Nil
Volume: 1,800,000
d) 
Aggregated information
Date of transaction: 16 June 2017 
Aggregated volume: 1,800,000
Price: Nil
e) 
Date of the transaction
16 June 2017
f) 
Place of the transaction
Outside a trading venue
Relinquishment of LTIP Awards
The Company announces that on 15 June 2017 Fiona MacAulay, COO, relinquished a total of 3,559,191 unvested LTIP awards.
A summary of the LTIP is included in the 2013 AGM notice which can be found on the Company's website and in the 2016 Annual Report.
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7830 9700
Sam Moody - Chief Executive
Stewart MacDonald - Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
Vigo Communications
Tel: 020 7830 9700
Patrick d'Ancona
Ben Simons

This information is provided by RNS
The company news service from the London Stock Exchange
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