REG - Deltic Energy PLC - Result of General Meeting and Total Voting Rights

Deltic EnergyAnnouncement

30/09/2022 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220930:nRSd3864Ba&default-theme=true

RNS Number : 3864B  Deltic Energy PLC  30 September 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, RUSSIA OR THE
REPUBLIC OF SOUTH AFRICA.

 

 

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

 

30 September 2022

 

Deltic Energy Plc ("Deltic" or "the Company")

Result of General Meeting and Total Voting Rights

 

Deltic Energy Plc, the AIM-quoted natural resources investing company with a
high impact exploration and appraisal portfolio focused on the Southern and
Central North Sea, announces the results of the voting on the resolutions put
to its General Meeting held earlier today. All resolutions put to shareholders
at the meeting were successfully passed.

 

The Company is pleased to confirm that as a result of obtaining shareholder
approval for the Placing, Subscription and Open Offer, which comprised a
significantly oversubscribed Placing and Subscription and an Open Offer,
Deltic has raised a total of £15.96 million.

 

The net proceeds of the Fundraising will be used to fund Deltic's share of the
Selene well, including contingency mandated by the Company's regulator, the
NSTA, fund further investment in Deltic's existing licence portfolio, enable
further investment in the UK's upcoming 33rd Offshore Licensing Round, and
fund transaction costs, working capital and general corporate costs through to
mid-2024.

 

   Total Voting Rights

 

The Company has applied for admission of the New Ordinary Shares pursuant to
the Fundraising to trading on AIM. Admission will occur at 8.00 a.m. on Monday
3 October 2022. On Admission, the Company will have 1,861,931,992 Ordinary
Shares in issue and there are no shares held in treasury. This figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

   Capitalised terms in this announcement shall have the same meaning as in
the announcement made by the Company on 12 September 2022 unless the context
requires otherwise.

 

**ENDS**

 

For further information please contact the following:

 Deltic Energy Plc                                                              Tel: +44 (0) 20 7887 2630

 Graham Swindells / Andrew Nunn / Sarah McLeod

 Allenby Capital Limited (Nominated Adviser & Joint                             Tel: +44 (0) 20 3328 5656
 Broker)

 David Hart / Alex Brearley (Corporate Finance)
 Kelly Gardiner (Sales and Corporate Broking)

 Stifel Nicolaus Europe Limited (Joint                                          Tel: +44 (0) 20 7710 7600
 Broker)

 Callum Stewart / Simon Mensley / Ashton Clanfield

 Canaccord Genuity Limited (Joint Bookrunner)                                   Tel: +44 (0) 20 7523 8000

 Adam James  / Gordon Hamilton / Sam Lucas

 Vigo Consulting (IR Adviser)                                                   Tel: +44 (0) 20 7390 0230

 Patrick d'Ancona / Finlay Thomson / Kendall Hill

 

About Deltic Energy Plc

Deltic has created a strategically located portfolio of high-quality gas
exploration licences in the Southern North Sea over a number of licensing
rounds.  These licences are located in areas that have been underexplored
despite significant discoveries such as Tolmount, Breagh, Pegasus and Cygnus,
most of which have gone on to be developed and could provide ready access to
export infrastructure for any future developments on Deltic's licence acreage.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TVRDZGFLMGZGZZM