IN BRIEF: RockRose Corrects Viaro Irrevocable Undertakings Error

RockRose Energy PLC - London-headquartered oil and gas firm - Reports an error in the disclosed ...

Alliance News 10 July, 2020 | 8:38PM
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RockRose Energy PLC - London-headquartered oil and gas firm - Reports an error in the disclosed holdings of Hannam in connection with RockRose's GBP247.6 million acquisition by Viaro Energy. It was previously disclosed that Hannam is a concert party to Viaro and that Hannam employees held interest in 263,844 RockRose shares, equivalent to around a 2.0% stake. Due to the inability to be certain of the identity of a nominee holding 10,055 of these shares on behalf of a Hannam employee, the aggregate number for irrevocable commitment disclosure should have been limited to 253,789 Rockrose shares or a 1.9% stake. Consequently, Viara has received irrevocable undertakings of 4.8 million Rockrose shares in total or 36.8% of total shares.

Current stock price: 1,840.00 pence

Year-to-date change: down 2.1%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
RockRose Energy PLC 1,840.00 GBX -0.33 -

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