REG - Rockhopper Exp plc - Results of Open Offer and Total Voting Rights

Rockhopper ExplorationAnnouncement

16/01/2026 07:00

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RNS Number : 1426P  Rockhopper Exploration plc  16 January 2026

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF
SECURITIES IN ANY JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 WHICH FORMS PART OF DOMESTIC UK
LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

16 January 2026

 

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Results of Open Offer and Total Voting Rights

 

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key
interests in the North Falkland Basin, announces the results of its Open
Offer to Qualifying Shareholders announced on 22 December 2025 which, in
accordance with its terms, closed for acceptances at 11.00 a.m. on 15 January
2026.

 

The Company is pleased to announce that valid acceptances were received from
Qualifying Shareholders for a total of 101,956,821 Open Offer Shares under the
Open Offer, representing a take-up of approximately 773.1% per cent. of the
13,188,036 Open Offer Shares available under the Open Offer.

 

Qualifying Shareholders who have validly applied for Open Offer Shares will
receive their full basic entitlement. Applications for New Ordinary Shares
under the Excess Application Facility have been scaled back on a pro rata
basis, in accordance with the terms of the Open Offer as outlined in the
Circular.

 

Accordingly, the Open Offer has raised total gross proceeds of approximately
£6.9 million (approximately US$9.2 million) through the issue of a total of
13,188,036 Open Offer Shares.

 

Admission and dealings

 

The Open Offer Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with each other and with the Existing
Ordinary Shares, including the right to receive all dividends and other
distributions declared, made or paid after the date of Admission. Application
has been made to the London Stock Exchange for the Open Offer Shares to be
admitted to trading on AIM ("Admission"). Dealings in the Open Offer Shares
and Admission are expected to take place on or around 8.00 a.m. on 21 January
2026.

 

Total voting rights

 

The Company confirms that, upon Admission of the Open Offer Shares, which is
expected to occur on 21 January 2026, the issued ordinary share capital of the
Company will consist of 860,504,777 Ordinary Shares of 1 pence each with
voting rights attached and there will be no Ordinary Shares held in
treasury. This issued share capital figure can be used by Shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

Sam Moody, Chief Executive Officer of Rockhopper Exploration, commented:

 

"I am delighted that the Open Offer has been a success and was significantly
oversubscribed, reflecting strong shareholder support at an exciting time for
Rockhopper. We thank all our shareholders for their continued interest and
look forward to progressing the Sea Lion development with partner and operator
Navitas."

 

Unless otherwise defined, capitalised terms have the same meaning as in the
Company's circular published in connection with the Open Offer on 29 December
2025.

 

Enquiries:

 

Rockhopper Exploration plc

Sam Moody - Chief Executive Officer

Tel. +44 (0)20 7390 0230 (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

 

Notes to Editors

 

Rockhopper Exploration plc is a UK-based oil and gas exploration and
production company with key interests in the Falkland Islands. The Company
holds a 35% interest in licences in the North Falkland Basin, where it has
sanctioned the development of the significant Sea Lion field which was
originally discovered by the Company in 2010.

 

Rockhopper's shares are quoted on the AIM market of the London Stock Exchange
under the ticker RKH.

 

For more information, visit the Company's website
at www.rockhopperexploration.co.uk (http://www.rockhopperexploration.co.uk/)
.

 

IMPORTANT NOTICES

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the
domestic law of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018 (as amended). Upon the publication of this announcement
via the Regulatory Information Service, this inside information is now
considered to be in the public domain.

 

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and its current goals and
expectations relating to its future financial condition and performance and
which involve a number of risks and uncertainties. The Company cautions
readers that no forward-looking statement is a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking statements. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use words such as "aim", "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal", "believe", or other
words of similar meaning. By their nature, forward-looking statements involve
risk and uncertainty because they relate to future events and circumstances,
including, but not limited to, economic and business conditions, the effects
of continued volatility in credit markets, market-related risks such as
changes in the price of commodities or changes in interest rates and foreign
exchange rates, the policies and actions of governmental and regulatory
authorities, changes in legislation, the further development of standards and
interpretations under International Financial Reporting Standards ("IFRS")
applicable to past, current and future periods, evolving practices with regard
to the interpretation and application of standards under IFRS, the outcome of
pending and future litigation or regulatory investigations, the success of
future explorations, acquisitions and other strategic transactions and the
impact of competition. A number of these factors are beyond the Company's
control. As a result, the Company's actual future results may differ
materially from the plans, goals, and expectations set forth in the Company's
forward-looking statements. You should not place undue reliance on
forward-looking statements. Any forward-looking statements made in this
announcement by or on behalf of the Company speak only as of the date they are
made. Except as required by the FCA, the London Stock Exchange or applicable
law, the Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
in this announcement to reflect any changes in the Company's expectations with
regard thereto or any changes in events, conditions or circumstances on which
any such statement is based.

 

This announcement is for information purposes only and shall not constitute an
offer to buy, sell, issue, or subscribe for, or the solicitation of an offer
to buy, sell, issue, or subscribe for any securities, nor shall there be any
offer, solicitation or sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unauthorised or unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. Any failure to comply with these restrictions may constitute a
violation of the securities law of any such jurisdiction.

 

This announcement is not an offer of securities for sale in or into the United
States. The New Ordinary Shares have not been and will not be registered under
the US Securities Act 1933, as amended (the "Securities Act") or with any
securities regulatory authority of any state or other jurisdiction of the
United States and may not be offered, sold, delivered, transferred, or taken
up, directly or indirectly, in or into the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United States. The
Company does not intend to register any portion of the Open Offer in the
United States or to conduct an offering of securities in the United States.
The New Ordinary Shares are being offered and sold in "offshore transactions"
as defined in, and in reliance on, Regulation S under the Securities Act.

 

This announcement does not contain an offer or constitute any part of an offer
to the public within the meaning of Sections 85 and 102B of the FSMA or
otherwise. This announcement is not an "approved prospectus" within the
meaning of Section 85(7) of the FSMA and a copy of it has not been, and will
not be, delivered to the FCA in accordance with the Prospectus Regulation
Rules or delivered to any other authority which could be a competent authority
for the purpose of the Prospectus Regulation (EU) 2017/1129 (the "EU
Prospectus Regulation") or the UK version of Prospectus Regulation (EU)
2017/1129 as it forms part of retained EU law by virtue of the European Union
(Withdrawal) Act 2018, as amended (the "UK Prospectus Regulation"). Its
contents have not been examined or approved by the London Stock Exchange, nor
has it been approved by an "authorised person" for the purposes of Section 21
of the FSMA. This announcement is being distributed to persons in the United
Kingdom only in circumstances in which section 21(1) of the FSMA does not
apply.

 

This announcement has been issued by and is the sole responsibility of the
Company. No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or will be
accepted by Canaccord and / or Peel Hunt (apart from the responsibilities or
liabilities that may be imposed by the FSMA or other regulatory regime
established thereunder) or by any of their respective affiliates or agents as
to, or in relation to, the accuracy or completeness of this announcement or
any other written or oral information made available to or publicly available
to any interested party or its advisers, and any liability therefor is
expressly disclaimed.

 

Canaccord Genuity Limited ("Canaccord"), which is authorised and regulated in
the United Kingdom by the FCA, is acting as nominated adviser and bookrunner
for the Company and for no-one else in connection with the Capital Raising,
and Canaccord will not be responsible to anyone other than the Company for
providing the protections afforded to its customers or for providing advice to
any other person in relation to the Open Offer or any other matter referred to
herein.

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the FCA, is acting as lead manager for the Company and for no-one
else in connection with the Capital Raising, and Peel Hunt will not be
responsible to anyone other than the Company for providing the protections
afforded to its customers or for providing advice to any other person in
relation to the Open Offer or any other matter referred to herein.

 

The distribution of this announcement and the offering of the New Ordinary
Shares in certain jurisdictions may be restricted by law. No action has been
taken by the Company, Canaccord or Peel Hunt that would permit an offering of
such securities or possession or distribution of this announcement or any
other offering or publicity material relating to such securities in any
jurisdiction where action for that purpose is required. Persons into whose
possession this announcement comes are required to inform themselves about,
and to observe, such restrictions.

 

The information in this announcement may not be forwarded or distributed to
any other person and may not be reproduced in any manner whatsoever. Any
forwarding, distribution, dissemination, reproduction, or disclosure of this
information in whole or in part is unauthorised. Failure to comply with this
directive may result in a violation of the Securities Act or the applicable
laws of other jurisdictions.

 

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
announcement.

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