REG - Capricorn Energy PLC - No intention to make an offer for Deltic Energy

Capricorn EnergyAnnouncement

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RNS Number : 8026E  Capricorn Energy PLC  19 May 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO,
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF THAT JURISDICTION

 

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE")

 

FOR IMMEDIATE RELEASE

 

19 May  2026

 

Capricorn Energy PLC ("Capricorn Energy")

 

No intention to make an offer for Deltic Energy plc ("Deltic")

 

Further to its announcement of 22 April 2026, and the announcement made by NEO
NEXT+ ENERGY UPSTREAM UK LIMITED ("NEO NEXT+") under Rule 2.7 of the Code on 7
May 2026, Capricorn Energy confirms that it does not intend to make an offer
for Deltic.

 

This is a statement to which Rule 2.8 of the Code applies. Accordingly,
Capricorn Energy (and any person acting in concert with it) will, except with
the consent of the Panel, be bound by the restrictions set out in Rule 2.8 of
the Code.

 

Capricorn Energy reserves the right to set the restrictions in Rule 2.8 aside
in the following circumstances: (i) with the agreement of the board of Deltic;
(ii) if a third party announces a firm intention to make an offer for Deltic,
including either of Petrogas International E&P Coöperatief U.A., a
subsidiary of Mohammed Al Barwani LLC, or Blue Concept Hld AS; (iii) if Deltic
announces a Rule 9 waiver or a reverse takeover; or (iv) if there has been a
material change of circumstances (as determined by the Panel).

 

Contact Information:

 

 Capricorn Energy plc

 Randy Neely, Chief Executive Officer                                +44 131 475 3000

 Canaccord Genuity Limited (Financial Adviser and Corporate Broker)  +44 20 7523 8000

 Henry Fitzgerald-O'Connor, George Grainger

 

Disclaimer

 

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for Capricorn Energy and no-one else in connection with the
matters described in this announcement and will not be responsible to anyone
other than Capricorn Energy for providing the protections afforded to clients
of Canaccord Genuity nor for providing advice in relation to the subject
matter of this announcement. Neither Canaccord Genuity nor any of its
affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Canaccord Genuity in
connection with this announcement, any statement contained herein or
otherwise.

 

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