Deltic Energy PLC Form 8 (OPD) - DELTIC ENERGY PLC (3957U)
July 29 2020 - 2:00AM
UK Regulatory
TIDMDELT
RNS Number : 3957U
Deltic Energy PLC
29 July 2020
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: DELTIC ENERGY PLC ("Deltic Energy")
(b) Owner or controller of interests and short positions disclosed, if N/A
different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the
trustee(s),
settlor and beneficiaries must be named.
------------------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this form DELTIC ENERGY PLC
relates:
Use a separate form for each offeror/offeree
------------------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
------------------------------------
(e) Date position held: 28 JULY 2020
The latest practicable date prior to the disclosure
------------------------------------
(f) In addition to the company in 1(c) above, is the discloser making NO
disclosures in respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
------------------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary shares of 0.5 pence each
Interests Short positions
--------------------- ------------------
Number % Number %
--------------- ---- ------------- ---
(1) Relevant securities owned and/or controlled: Nil Nil
--------------- ---- ------------- ---
(2) Cash-settled derivatives: Nil Nil
--------------- ---- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to Nil Nil
purchase/sell:
--------------- ---- ------------- ---
Nil Nil
TOTAL:
--------------- ---- ------------- ---
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: N/A
Details, including nature of the rights concerned and relevant percentages: N/A
----
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
(a) Beneficial holdings of the Directors of Deltic Energy plc (including their close relatives)
in its ordinary shares of 0.5p each
Name Number of ordinary % of voting share
shares held capital
Mark Lappin 1,174,887* 0.08%
------------------- ------------------
Graham Swindells 2,394,836 0.17%
------------------- ------------------
Andrew Nunn 806,724 0.06%
------------------- ------------------
Peter Cowley 1,018,489 0.07%
------------------- ------------------
Total 5,394,936 0.38%
------------------- ------------------
*This figure includes 603,457 ordinary shares that are held by Mark Lappin's wife
(b) Beneficial holdings of the Directors of Deltic Energy plc in rights to subscribe for ordinary
shares of 0.5p in Deltic Energy
Options over ordinary shares in Deltic Energy plc
Name Date of grant Exercise Expiry Date Number Outstanding
price
(p)
Graham 8 July 2019
Swindells (1) 1.75 7 July 2029 20,000,000
--------------- --------- ------------ -------------------
7 June 2018
(2) 2.32 6 June 2028 9,000,000
---------------------------- --------- ------------ -------------------
10 June 2016
(3) 1.325 9 June 2026 7,454,096
---------------------------- --------- ------------ -------------------
30 April 29 April
2014 (4) 3.75 2024 2,200,000
---------------------------- --------- ------------ -------------------
Andrew 8 July 2019
Nunn (1) 1.75 7 July 2029 20,000,000
--------------- --------- ------------ -------------------
7 June 2018
(2) 2.32 6 June 2028 8,200,000
---------------------------- --------- ------------ -------------------
10 June 2016
(3) 1.325 9 June 2026 7,454,096
---------------------------- --------- ------------ -------------------
5 September 4 September
2014 (5) 3.88 2024 3,000,000
---------------------------- --------- ------------ -------------------
(1) Details of the vesting criteria for the 8 July 2019 option grant can be found in Deltic
Energy's announcement of 9 July 2019.
(2) Details of the vesting criteria for the 7 June 2018 option grant can be found in Deltic
Energy's announcement of 7 June 2018.
(3) Details of the vesting criteria for the 10 June 2016 option grant can be found in Deltic
Energy's announcement of 10 June 2016.
(4) Details of the vesting criteria for the 30 April 2014 option grant can be found in Deltic
Energy's announcement of 1 May 2014.
(5) Details of the vesting criteria for the 5 September 2014 option grant can be found in
Deltic Energy's announcement of 8 September 2014.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
---
Date of disclosure: 29 July 2020
Contact name: SARAH MCLEOD
--------------
Telephone number: 0207 887 2630
--------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk .
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 or visit www.rns.com.
END
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