Rockhopper Exploration plc has raised gross £6.9 million through the issue of 101,956,821 shares, via a seven-fold oversubscribed open offer.
TVRs
The company said that qualifying shareholders’ subscriptions represented 773.1% of the 13,188,036 available shares in the open offer, which ran from 22 December 2025 to 15 January 2026.
Following admission, Rockhopper’s issued ordinary share capital will comprise 860,504,777 ordinary shares of one pence each, with voting rights attached.
The company holds no ordinary shares in treasury.
Completion of the open offer follows the £105m raised in July 2025 through a private placement with new Israeli-based institutional investors and larger existing shareholders.
Proceeds will go towards the first phase development of its 35% owned Sea Lion oil project in the North Falkland Basin.