Monetisation of Arbitration Award Update
Updated : 13:21
17 June 2024
Rockhopper Exploration plc
("Rockhopper", the "Group" or the "Company")
Satisfaction of Precent Conditions for the Ombrina Mare Monetisation Transaction
Rockhopper 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.
All 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.
Further updates will be provided in due course.
Enquiries:
Rockhopper Exploration plc
Sam Moody - Chief Executive Officer
Tel. +44 (0) 20 7390 0234 (via Vigo Consulting)
Canaccord Genuity Limited (NOMAD and Joint Broker)
Henry Fitzgerald-O'Connor/James Asensio/Ana Ercegovic
Tel. +44 (0) 20 7523 8000
Peel Hunt LLP (Joint Broker)
Richard Crichton/Georgia Langoulant
Tel. +44 (0) 20 7418 8900
Vigo Consulting
Patrick d'Ancona/Ben Simons/Fiona Hetherington
Tel. +44 (0) 20 7390 0234
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