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.

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