REG - Rockhopper Exp plc - Grant of options under Long Term Incentive Plan

Rockhopper ExplorationAnnouncement

01/10/2025 07:00

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RNS Number : 5068B  Rockhopper Exploration plc  01 October 2025

 

1 October 2025

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, announces
that on 30 September 2025, awards in the form of options to acquire Shares
under the Rockhopper Exploration plc Long Term Incentive Plan 2025 ("2025
LTIP") were granted to certain Persons Discharging Managerial Responsibilities
("PDMRs"). The 2025 LTIP was approved by shareholders at the 2025 Annual
General Meeting and a summary is included in the 2025 AGM notice which can be
found on the Company's website.

 

Details of the awards to PDMRs are shown below:

 

 Name                 Number of options under award *
 Sam Moody (CEO)      887,931
 William Perry (CFO)  490,070

*calculated by reference to the share price on the dealing day preceding the
date of grant

 

The awards are structured as nominal cost options and, subject to meeting
specific performance criteria as outlined below, will normally vest on the
third anniversary of the start of the Performance Period (defined below). In
the case of the CEO, options will be subject to an additional one year holding
period after vesting.

 

The percentage of awards which will vest will be dependent on total
shareholder return ("TSR") measured over a three year period ending on 30 June
2028 ("Performance Period"). Performance measurement for these awards will be
based on the Company's average share price over the 90 day dealing period to
30 June 2025 measured against the average share price for the 90 day dealing
period to 30 June 2028. The percentage of awards which will vest will be
dependent on TSR with 100% vesting for a 15% or greater compound annual return
over the Performance Period and 20% vesting for a compound annual return of
5%, with vesting on a straight-line basis between these points.  No awards
will vest in the event that TSR does not exceed a compound annual return of
less than 5% over the Performance 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 2025 LTIP regarding leavers.

 

 

 

Enquiries:

 

Rockhopper Exploration plc

Jan Davies, Company Secretary

Tel. +44 (0) 20 7390 0234 (via Vigo Consulting)

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor/James Asensio/Charlie Hammond

Tel. +44 (0) 20 7523 8000

 

Peel Hunt LLP (Joint Broker)

Richard Crichton/Georgia Langoulant

Tel. +44 (0) 20 7418 8900

 

Vigo Consulting

Patrick d'Ancona/Ben Simons/Fiona Hetherington

Tel. +44 (0) 20 7390 0234

 

 

 

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
under the Company's LTIP to 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  Ordinary Shares of 1 pence each

     Identification code

                                                                  GB00BOFVQX23
 b)  Nature of the transaction                                    Award of options over Ordinary Shares of 1 pence each at an exercise price of
                                                                  1 pence each
 c)  Price(s) and volume(s)                                       Date of transaction: 30 September 2025

                                                                  Price: Nil

                                                                  Volume: 887,931
 d)  Aggregated information                                       Date of transaction: 30 September 2025

                                                                  Aggregated volume: 887,931

                                                                  Price: Nil
 e)  Date of the transaction                                      30 September 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                          William Perry
 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  Ordinary Shares of 1 pence each

     Identification code

                                                                  GB00BOFVQX23
 b)  Nature of the transaction                                    Award of options over Ordinary Shares of 1 pence each at an exercise price of
                                                                  1 pence each
 c)  Price(s) and volume(s)                                       Date of transaction: 30 September 2025

                                                                  Price: Nil

                                                                  Volume: 490,070
 d)  Aggregated information                                       Date of transaction: 30 September 2025

                                                                  Aggregated volume: 490,070

                                                                  Price: Nil
 e)  Date of the transaction                                      30 September 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 

 

 

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