23 Nov 2018

Results of tender offer

- Jessica Saadat
- 4 pages

Yesterday RockRose announced that 95.2% of the Tender Offer was subscribed. The total value of all shares purchased is £16.4m. Updating our model for the results leaves our RENAV broadly unchanged at 1431p. As per our Initiation in early November, we believe RockRose offers investors compelling upside, and reiterate our BUY recommendation.

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Results of tender offer

Rockrose Energy (RRE:LON) | 0 0 0.0%

Published: 23 Nov 2018
Author: Jessica Saadat
Pages: 4

Yesterday RockRose announced that 95.2% of the Tender Offer was subscribed. The total value of all shares purchased is £16.4m. Updating our model for the results leaves our RENAV broadly unchanged at 1431p. As per our Initiation in early November, we believe RockRose offers investors compelling upside, and reiterate our BUY recommendation.