Reabold Resources PLC Statement regarding Deltic Energy plc (5628V)
August 10 2020 - 2:00AM
UK Regulatory
TIDMRBD TIDMDELT
RNS Number : 5628V
Reabold Resources PLC
10 August 2020
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").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For immediate release
10 August 2020
Reabold Resources plc
("Reabold" or the "Company")
Statement regarding Deltic Energy plc
Further to the Company's announcement of 15 July 2020, in
relation to a possible all-share offer by Reabold for the entire
issued and to be issued share capital of Deltic Energy plc
("Deltic") (the "Possible Offer"), Reabold announces that it does
not intend to make an offer for Deltic.
Consequently, except with the consent of the Panel on Takeovers
and Mergers (the "Panel"), Reabold, and any person acting in
concert with Reabold, is bound by the restrictions under Rule 2.8
of the Code save in the circumstances set out below.
Under Note 2 on Rule 2.8 of the Code, Reabold, and any person
acting in concert with Reabold, reserves the right to announce an
offer or make or participate in an offer or possible offer for
Deltic or to take any other action which would otherwise be
restricted under Rule 2.8 of the Code within six months from the
date of this announcement in the following circumstances: (a) with
the agreement of the Board of Deltic; (b) if any third party
announces a firm intention to make an offer for Deltic; (c) if
Deltic announces a "whitewash" proposal (see Note 1 of the Notes on
Dispensations from Rule 9 of the Code) or a reverse takeover (as
defined in the Code); or (d) if there has been a material change of
circumstances (as determined by the Panel).
Reabold, and any person acting in concert with Reabold, reserves
the right to acquire and/or offer to acquire Deltic shares or
interests in Deltic shares subject to and in accordance with Rule
2.8 of the Code.
Important notices
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of any
offer to buy, sell, subscribe for any securities or the
solicitation of any vote in any jurisdiction.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be made available (subject to certain
restrictions relating to persons resident in restricted
jurisdictions) on Reabold's website at www.reabold.com by no later
than 12 noon (London time) on 11 August 2020.
For the avoidance of doubt, the content of the website referred
to above is not incorporated into and does not form part of this
announcement.
For further information please contact:
Reabold Resources plc c/o Camarco
Stephen Williams +44 (0) 20 3757 4980
Sachin Oza
Strand Hanson Limited (Nominated and Financial
Adviser)
James Spinney
Rory Murphy
James Dance
Jack Botros +44 (0)20 7409 3494
Panmure Gordon (Broker)
Hugh Rich
Nick Lovering +44 (0) 20 7659 1234
Camarco
James Crothers
Ollie Head
Billy Clegg +44 (0) 20 3757 4980
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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