Business
Monetisation of Arbitration Award Update
Monetisation of Arbitration Award Update.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n\n17 June 2024 \n \nRockhopper Exploration plc\n(\"Rockhopper\", the \"Group\" or the \"Company\")\n \nSatisfaction of Precent Conditions for the Ombrina Mare Monetisation Transaction\n \nRockhopper Exploration plc is pleased to provide the following update in relation to the monetisation of its Ombrina Mare Arbitration Award (the \"Transaction\") announced on 20 December 2023.\n \nAll required precedent conditions to the Transaction have now been satisfied. Under the terms of the Transaction, the Tranche 1 payment is due within 5 business days.\n \nFurther updates will be provided in due course.\n \n \nEnquiries:\n \nRockhopper Exploration plc\nSam Moody - Chief Executive Officer\nTel. +44 (0) 20 7390 0234 (via Vigo Consulting)\n \nCanaccord Genuity Limited (NOMAD and Joint Broker)\nHenry Fitzgerald-O'Connor/James Asensio/Ana Ercegovic\nTel. +44 (0) 20 7523 8000\n \nPeel Hunt LLP (Joint Broker)\nRichard Crichton/Georgia Langoulant\nTel. +44 (0) 20 7418 8900\n \nVigo Consulting\nPatrick d'Ancona/Ben Simons/Fiona Hetherington\nTel. +44 (0) 20 7390 0234\n \n \n \n \n \n\n","length":2850,"tagName":"div"}]