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Rose Petroleum PLC (ROSE)

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Tuesday 03 December, 2019

Rose Petroleum PLC

Issue of Equity and change to TVR

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)

Chris Eadie (CFO)

 

 

Tel: +44 (0)20 7225 4599

Tel: +44 (0)20 7225 4599

Allenby Capital Limited - AIM Nominated Adviser

Jeremy Porter / James Reeve / Liz Kirchner

 

 

Tel: +44 (0)20 3328 5656

 

Turner Pope Investments - Joint Broker

Andy Thacker / Zoe Alexander

 

 

Tel: +44 (0)20 3657 0050

Cantor Fitzgerald Europe - Financial Adviser and Joint Broker

David Porter

 

 

Tel: +44 (0)20 7894 7686

 

Novum Securities Limited - Joint Broker

Colin Rowbury

 

Tel: +44 (0)20 7399 9427

 

Media enquiries:

Allerton Communications

Peter Curtain

 

 

Tel: +44 (0) 20 3633 1730

[email protected]

 


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 [email protected] or visit www.rns.com.
 
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