Issue of Equity in Lieu of Director Fees
Rockhopper Exploration plc has issued 16,968 new ordinary shares at 66.3 pence each to Non-Executive Director Barak Mashraki in lieu of director fees for the period of July 1 to September 30, 2026. Following this transaction, Mr. Mashraki beneficially owns 16,968 ordinary shares, representing approximately 0.002% of the company's issued share capital. The new shares are expected to be admitted to trading on AIM on or around October 21, 2026, bringing the total issued share capital to 1,071,985,689 ordinary shares.
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Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin, announces it has issued 16,968 new ordinary shares of 1 pence each ("Ordinary Shares") at a price of 66.3 pence per Ordinary Share in lieu of certain Non-Executive Director fees.
Director fee shares
Barak Mashraki, who was appointed as a Non-Executive Director on 30 June 2026, has agreed to take his Non-Executive Director fee in Ordinary Shares, to be allotted on a quarterly basis. The number of Ordinary Shares to be issued will be Barak Mashraki's net fees for the preceding quarter divided by the closing share price on the business day before the quarterly fee payment date. Today's share issue covers the period from 1 July 2026 to 30 September 2026.
Following this transaction, Barak Mashraki's total beneficial interest in the Company is 16,968 Ordinary Shares, representing approximately 0.002% of the Company's issued share capital.
Total voting rights
Application will be made for the admission of 16,968 Ordinary Shares to trading on AIM ("Admission"), which is expected to become effective on or around 21 October 2026.
In conformity with the Financial Conduct Authority's Disclosure and Transparency Rules, immediately following Admission, the Company will have 1,071,985,689 Ordinary Shares of 1 pence each in issue. The Company does not hold any shares in treasury and all of the Ordinary Shares have equal voting rights. This issued share capital figure can be used by Shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
| a) | Name | Barak Mashraki |
| 2. | Reason for the Notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Rockhopper Exploration plc |
| b) | LEI | 213800IPXW6XRLVCL581 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 1 pence each |
| Identification code | GB00B0FVQX23 | |
| b) | Nature of the transaction | Issue of Ordinary Shares in lieu of Director fees |
| c) | Price(s) and volume(s) | Price: £0.663 Volume: 16,968 |
| d) | Aggregated information: | Price: £0.663 Aggregated volume: 16,968 |
| e) | Date of the transaction | 15 October 2026 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.