Deltic Energy PLC Replacement: Result of Open Offer (4532B)
October 03 2022 - 2:00AM
UK Regulatory
TIDMDELT
RNS Number : 4532B
Deltic Energy PLC
03 October 2022
The following amendment has been made to the Result of Open
Offer announcement originally released at 07:00 on 30 September
2022 under RNS No. 2596B.
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.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 WHICH FORMS PART OF
DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 ("UK MAR") . WITH THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural
Resources
30 September 2022
Deltic Energy Plc ("Deltic" or "the Company")
Result of Open Offer
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 Open Offer pursuant to the Placing, Subscription and
Open Offer announced on 12 September 2022.
The Company is pleased to announce that it has received valid
acceptances from Qualifying Shareholders in respect of 27,395,708
Open Offer Shares.
All Qualifying Shareholders who have validly applied for Open
Offer Shares will receive their full and excess entitlements.
Accordingly, the Open Offer has conditionally raised total gross
proceeds of approximately GBP0.96 million, with a total of GBP15.96
million having been conditionally raised via the Placing,
Subscription and Open Offer.
The issuance of the 455,967,137 New Ordinary Shares pursuant to
the Placing, Subscription and Open Offer is subject to and
conditional on the passing of the Resolutions at the General
Meeting to be held later today.
Upon Admission, the total number of Ordinary Shares in issue and
voting rights in the Company will be 1,861,931,992. The Company
does not hold any shares in treasury.
The above 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.
Graham Swindells, Chief Executive of Deltic Energy,
commented:
"I am very pleased to report that, subject to shareholder
approval, we will have raised funding of approximately GBP16
million, which is an excellent result for the Company and means
that the Company is funded for both Selene and Pensacola. We are
very grateful to our shareholders for their continued support and
we are excited about the next phase of our development,
particularly as we are about to drill our first well with Shell on
the Pensacola gas prospect."
**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)
Adam James / Gordon Hamilton / Sam Lucas Tel: +44 (0) 20 7523
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.
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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END
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