Replacement: Result of GM and Total Voting Rights
The following amendment has been made to the Result of General Meeting and Total Voting Rights announcement originally released at 12:43 on 30 September 2022 under RNS No. 3864B.
At the end of the amended announcement, a bold paragraph titled 'NOTICE TO OVERSEAS PERSONS' has been included. All other details remain unchanged. The full amended announcement is set out below.
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:
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Deltic Energy Plc |
Tel: +44 (0) 20 7887 2630 |
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Graham Swindells / Andrew Nunn / Sarah McLeod |
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Allenby Capital Limited (Nominated Adviser & Joint Broker) |
Tel: +44 (0) 20 3328 5656 |
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David Hart / Alex Brearley (Corporate Finance) |
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Kelly Gardiner (Sales and Corporate Broking) |
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Stifel Nicolaus Europe Limited (Joint Broker) |
Tel: +44 (0) 20 7710 7600 |
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Callum Stewart / Simon Mensley / Ashton Clanfield |
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Canaccord Genuity Limited (Joint Bookrunner) Adam James / Gordon Hamilton / Sam Lucas
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Tel: +44 (0) 20 7523 8000 |
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Vigo Consulting (IR Adviser) |
Tel: +44 (0) 20 7390 0230 |
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Patrick d'Ancona / Finlay Thomson / K endall Hill |
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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.
NOTICE TO OVERSEAS PERSONS
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
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