Rose Petroleum PLC Issue of Equity and change to TVR (5260V)
03 Dicembre 2019 - 1:27PM
UK Regulatory
TIDMROSE
RNS Number : 5260V
Rose Petroleum PLC
03 December 2019
3 December 2019
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Issue of equity and change to total voting rights
Rose Petroleum plc (AIM: ROSE), a Rocky Mountain-focused oil and
gas company, announces the issue of 1,235,545 new ordinary shares
in the Company to a former employee of the Company ("New Shares")
in full and final settlement of employment contract
liabilities.
Application will be made for the New Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will
occur on or around 9 December 2019.
The New Shares will rank pari passu in all respects with the
existing ordinary shares of the Company in issue and therefore will
rank equally for all dividends or other distributions declared,
made or paid after the issue of the New Shares. The New Shares will
represent approximately 0.43% per cent of the issued share capital
of the Company on Admission.
In accordance with AIM Rule 17, the Company announces that the
beneficial interest of Origin Creek Energy LLC ("OCE") in the
Company will remain unchanged at 68,636,364 Ordinary Shares but due
to dilution caused by the New Shares, upon Admission will represent
23.9 per cent. of the Company's then issued share capital. The
shareholders and directors of OCE are Rick Grant, the Chairman of
Rose, and Colin Harrington, the CEO of Rose. Colin Harrington is
indirectly the controlling shareholder of OCE.
Total voting rights
Upon Admission, the Company's issued share capital will consist
of 287,111,606 ordinary shares of 0.1p each, with one voting right
each. The Company does not hold any ordinary shares in treasury.
Therefore, the total number of ordinary shares and voting rights in
the Company will be 287,111,606. With effect from Admission, this
figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Contacts:
Rose Petroleum plc
Colin Harrington (CEO) Tel: +44 (0)20 7225 4599
Chris Eadie (CFO) Tel: +44 (0)20 7225 4599
Allenby Capital Limited - AIM Nominated
Adviser Tel: +44 (0)20 3328 5656
Jeremy Porter / James Reeve / Liz Kirchner
Turner Pope Investments - Joint Broker
Andy Thacker / Zoe Alexander Tel: +44 (0)20 3657 0050
Cantor Fitzgerald Europe - Financial
Adviser and Joint Broker Tel: +44 (0)20 7894 7686
David Porter
Novum Securities Limited - Joint Broker
Colin Rowbury Tel: +44 (0)20 7399 9427
Media enquiries:
Allerton Communications Tel: +44 (0) 20 3633 1730
Peter Curtain peter.curtain@allertoncomms.co.uk
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEUOUURKOAURAA
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December 03, 2019 07:27 ET (12:27 GMT)
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