Business
Directors Dealings
Directors Dealings.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 0473Q Rockhopper Exploration plc 09 October 2013 \n \n\n 9 October 2013\nROCKHOPPER EXPLORATION PLC\n(\"Rockhopper\" or the 'Company')\nDirector Dealings\nThe Company announces that the following purchases of ordinary shares of £0.01 each in the Company (\"Shares\") were made by certain Directors on 8 October 2013. \n \n\n\n\n\nDirector\n\n\nPrice\n(pence)\n\n\nNumber of Shares purchased\n\n\nTotal number of shares held following purchases \n\n\n% of issued share capital following purchases\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPierre Jungels\n\n\n135.3 \n\n\n184,569\n\n\n1,117,644\n\n\n0.39 %\n\n\n\n\nSam Moody\n\n\n135.3 \n\n\n378,741\n\n\n1,543,128\n\n\n0.54 %\n\n\n\n\nPeter Dixon-Clarke\n\n\n135.3 \n\n\n183,855\n\n\n481,614\n\n\n0.17 %\n\n\n\n\nDavid McManus\n\n\n135.3 \n\n\n36,772\n\n\n132,803\n\n\n0.05 %\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nExercise of Share Appreciation Rights\n \nCertain Directors have exercised Share Appreciation Rights (\"SARs\") over a total of 1,907,239 Shares that had been granted to them on 25 November 2008 and 3 July 2009 at a base price of 19.25 pence and 30.87 pence respectively being the market price at the time of grant. The SARs were granted under the terms of the Rockhopper Exploration PLC Employee Share Option Scheme (\"ESOS\"). The Remuneration Committee of the Company has exercised its discretion to settle the exercise of the SARs in cash and the relevant Directors elected to purchase the additional Shares disclosed above from the net proceeds, after meeting the cost of exercising the SARs and payment of the tax obligations arising therefrom.\n \nPierre Jungels (Chairman) exercised a total of 418,989 SARs on 7 October 2013. The notional gain on the exercise of SARs, after the discharging of tax obligations, was £250,917. \nSam Moody (CEO) exercised a total of 1,029,038 SARs on 7 October 2013. The notional gain on the exercise of SARs, after the discharging of tax and national insurance obligations, was £593,844.\nPeter Dixon-Clarke (Finance Director) exercised a total of 459,212 SARs on 7 October 2013. The notional gain on the exercise of SARs, after the discharging of tax and national insurance obligations, was £265,005.\nLong Term Incentive Plan \nThe Company announces that on 8 October 2013 certain ...