Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin, announces the results of its Open Offer to Qualifying Shareholders announced on 22 December 2025 which, in accordance with its terms, closed for acceptances at 11.00 a.m. on 15 January 2026.
The Company is pleased to announce that valid acceptances were received from Qualifying Shareholders for a total of 101,956,821 Open Offer Shares under the Open Offer, representing a take-up of approximately 773.1% per cent. of the 13,188,036 Open Offer Shares available under the Open Offer.
Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full basic entitlement. Applications for New Ordinary Shares under the Excess Application Facility have been scaled back on a pro rata basis, in accordance with the terms of the Open Offer as outlined in the Circular.
Accordingly, the Open Offer has raised total gross proceeds of approximately £6.9 million (approximately US$9.2 million) through the issue of a total of 13,188,036 Open Offer Shares.
Admission and dealings
The Open Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with each other and with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of Admission. Application has been made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM (“Admission”). Dealings in the Open Offer Shares and Admission are expected to take place on or around 8.00 a.m. on 21 January 2026.
Total voting rights
The Company confirms that, upon Admission of the Open Offer Shares, which is expected to occur on 21 January 2026, the issued ordinary share capital of the Company will consist of 860,504,777 Ordinary Shares of 1 pence each with voting rights attached and there will be no Ordinary Shares held in treasury. 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.
Sam Moody, Chief Executive Officer of Rockhopper Exploration, commented:
“I am delighted that the Open Offer has been a success and was significantly oversubscribed, reflecting strong shareholder support at an exciting time for Rockhopper. We thank all our shareholders for their continued interest and look forward to progressing the Sea Lion development with partner and operator Navitas.”
Unless otherwise defined, capitalised terms have the same meaning as in the Company’s circular published in connection with the Open Offer on 29 December 2025.
Enquiries:
Rockhopper Exploration plc
Sam Moody – Chief Executive Officer
Tel. +44 (0)20 7390 0230 (via Vigo Consulting)
