TIDMDELT

RNS Number : 9203Z

Deltic Energy PLC

26 May 2021

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

26 May 2021

Deltic Energy Plc ("Deltic" or "the Company")

Result of Annual General Meeting

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 by poll on the resolutions put to its Annual General Meeting ("AGM") held earlier today. All resolutions put to shareholders at the meeting were successfully passed. The poll results were as follows:

 
        R esolution             Votes        % of       Votes       % of        Total        Votes        % of 
                                 For*        votes      Against     votes       votes      withheld**    issued 
                                             cast**                 cast**      cast**                    share 
                                                                                                         capital 
                                                                                                         voted** 
    1. To receive 
     and adopt the 
     report of the 
     Directors and 
     the audited accounts 
     for the financial 
     period ended 
     31 December 2020.       529,814,255    95.39%    25,618,532    4.61%    555,432,787    12,350       39.51% 
 2. To re-elect 
  Andrew Nunn as 
  a Director of 
  the Company.               552,246,543    99.43%    3,196,244     0.57%    555,432,787     2,350       39.51% 
 3. To re-elect 
  Peter Cowley 
  as a Director 
  of the Company.            526,631,511    94.81%    28,811,276    5.19%    555,432,787     2,350       39.51% 
 4. To appoint 
  BDO LLP as auditors 
  of the Company 
  and to authorise 
  the Directors 
  to fix their 
  remuneration.               552,151,340   99.41%    3,266,447     0.59%    555,432,787    27,350       39.51% 
 5. To authorise 
  the Directors 
  to allot securities.        550,815,706   99.17%    4,627,081     0.83%    555,432,787     2,350       39.51% 
 6. To disapply 
  statutory pre-emption 
  rights.                    523,953,000    94.33%    31,489,787    5.67%    555,432,787     2,350       39.51% 
 
 

*Votes "For" include votes giving the Chairman discretion.

**A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

AGM Presentation and Question and Answers from Shareholders

The Company is pleased to note that it has added a narrated AGM presentation to the Company's website, as well as a recorded question and answer session in response to questions submitted by shareholders to the Company. Both can be accessed via the Company's website here: www.delticenergy.com/investor-relations/2021-agm-presentations

**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 
 
 Vigo Consulting (IR Adviser)                      Tel: +44 (0) 20 7390 
                                                    0230 
 Patrick d'Ancona / Chris McMahon / Simon 
  Woods 
 

About Deltic Energy Plc

Deltic Energy plc (DELT.L) is an AIM-quoted natural resources investing company focused on high impact natural gas and oil exploration within the well-established basins of the UK Continental Shelf (UKCS). Led by a small group of highly experienced industry professionals, the Company is set on unlocking hydrocarbon opportunities that will help fuel the energy transition and that align with the UK's goal of achieving Net Zero by 2050.

Deltic's current portfolio spans the Southern and Central North Sea basins and boasts a significant gross P50 prospective resource base of approximately 480 million barrels of oil equivalent (mmboe) across 13 licences containing multiple identified prospects. This unique conveyer belt of opportunities offers exposure to high quality, low risk, low cost projects at various stages of maturity, ranging from the drill-ready Deltic-Shell JV prospects of Pensacola and Selene to the farm-out ready prospects of Cupertino, Cadence, Cortez and Dewar. Deltic's portfolio of prospects was further enhanced in 2020 with the award of an additional six licences by the UK Oil and Gas Authority (OGA) in the 32(nd) Offshore Licensing Round.

Detailed information on the Company and progress to date can be accessed on the website www.delticenergy.com .

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END

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(END) Dow Jones Newswires

May 26, 2021 08:05 ET (12:05 GMT)

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