Deltic Energy PLC Result of General Meeting and Total Voting Rights (3864B)
September 30 2022 - 7:43AM
UK Regulatory
TIDMDELT
RNS Number : 3864B
Deltic Energy PLC
30 September 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
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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
GBP15.96 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 Tel: +44 (0) 20 3328
& Joint Broker) 5656
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Broker) Tel: +44 (0) 20 7710
7600
Callum Stewart / Simon Mensley / Ashton
Clanfield
Canaccord Genuity Limited (Joint Bookrunner) Tel: +44 (0) 20 7523
Adam James / Gordon Hamilton / Sam Lucas 8000
Vigo Consulting (IR Adviser) Tel: +44 (0) 20 7390
0230
Patrick d'Ancona / Finlay Thomson / K endall
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.
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END
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