Cooley Advises RockRose Energy Plc on Re‑Admission to the Official List

London – July 17, 2017 – Cooley advised RockRose Energy Plc on its re-admission to the standard listing segment of the official list on the London Stock Exchange, following two acquisitions. RockRose is an independent oil and gas production and infrastructure company, focused on onshore and offshore production opportunities, power generation and infrastructure projects.

In December 2016, RockRose signed an agreement with Maersk to acquire interests in the Scott and Telford North Sea oil fields for a reverse consideration of £14 million that, under London Stock Exchange rules, led to a de-listing of the company. It subsequently agreed to acquire Egerton Energy Ventures Limited in March, which owns interest in the Mordred and Galahad North Sea oil and gas fields.

These acquisitions led to re-admission of the 10 million previously listed shares and the placing of 5,333,334 new shares at a price of £1.50 per share providing gross proceeds of £8 million, on July 6, 2017.

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