Business
Result of Cash Placing
Result of Cash Placing.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 2602N Rockhopper Exploration plc 08 June 2010 \n\n \nTHE INFORMATION CONTAINED IN THIS RELEASE, IS NOT FOR GENERAL PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL\n \n8 June 2010\n \nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\nResult of Cash Placing\n(the \"Placing\")\nRockhopper, the North Falkland Basin oil and gas exploration company, is pleased to announce the successful completion of the equity placing announced this morning.\nA total of 17,320,000 new ordinary shares of the Company (the \"Placing Shares\") have been placed by Canaccord Genuity Ltd at a price of 280 pence per Placing Share, raising approximately £48.5 million before expenses.\nThe Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of Rockhopper, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.\nApplication has been made for, and the Placing is conditional on, inter alia, admission of the Placing Shares to trading on AIM (\"Admission\"). It is expected that settlement will occur, Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 11 June 2010.\nFollowing Admission of the Placing Shares, Rockhopper's issued share capital will consist of 192,504,954 ordinary shares of 1p each. As such, the total number of ordinary shares in Rockhopper to which voting rights are attached on the basis of one vote per ordinary share held will be 192,504,954.\nThe above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.\nPierre Jungels, Chairman of Rockhopper, commented: \n \n\"We are delighted that the placing has been successfully completed and met such an enthusiastic and swift response. We see this as a significant vote of confidence from investors in our work on the drilling campaign to date and in our plans for the rest of this year. Rockh...