Last checked at 5 May 2023 07:00
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
5 May 2023
Deltic Energy Plc ("Deltic" or "the Company")
PDMR/Director Dealings
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 that it was notified on 4 May 2023 that Peter Nicol, a Non-Executive Director of the Company, purchased 1,000,000 ordinary shares of 0.5 p each ("Ordinary Shares") into his ISA at a price of 1.79 per Ordinary Share.
Additionally, the Company was notified on 4 May 2023 that Sarah McLeod, Deltic's Chief Financial Officer and a person discharging managerial responsibility transferred 282,581 Ordinary Shares to her individual ISA account. There has been no significant change to the number of Ordinary Shares beneficially held by Sarah McLeod as a result of these transfers.
Details of these share transactions are shown below.
Director/Senior manager | Role | Number of Ordinary Shares sold | Number of Ordinary Shares purchased | Resultant number of Ordinary Shares held |
Peter Nicol | Non-Executive Director | - | 1,000,000 | 3,000,000 |
Sarah McLeod | Chief Financial Officer | 285,714 | 282,581 | 862,523 |
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | Peter Nicol | ||||
2. | Reason for the notification | |||||
a) | Position / status | Non-Executive Director | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Deltic Energy Plc | ||||
b) | LEI | 213800TS8K1D27AFP275 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of financial instrument Identification Code | Ordinary Shares of 0.5p ISIN: GB00B6SYKF01
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b) | Nature of the transaction | Purchase of Ordinary Shares into ISA account | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 4 May 2023
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f) | Place of the transaction | London Stock Exchange (AIMX) | ||||
1. | Details of PDMR / person closely associated with them ('PCA') | ||||||||||
a) | Name | Sarah McLeod | |||||||||
2. | Reason for the notification | ||||||||||
a) | Position / status | Chief Financial Officer | |||||||||
b) | Initial notification / amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | Deltic Energy Plc | |||||||||
b) | LEI | 213800TS8K1D27AFP275 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of financial instrument Identification Code | Ordinary Shares of 0.5p ISIN: GB00B6SYKF01
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b) | Nature of the transaction | 1. Sale of Ordinary Shares from share dealing account 2. Purchase of Ordinary Shares into ISA account | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
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e) | Date of the transaction | 4 May 2023
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f) | Place of the transaction | London Stock Exchange (AIMX) | |||||||||
**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 5656 |
David Hart / Alex Brearley (Corporate Finance) | |
Stifel Nicolaus Europe Limited (Joint Broker) |
Tel: +44 (0) 20 7710 7600 |
Callum Stewart / Simon Mensley / Ashton Clanfield | |
Canaccord Genuity Limited (Joint Broker) Adam James / Gordon Hamilton
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Tel: +44 (0) 20 7523 8000 |
Vigo Consulting (IR Adviser) | Tel: +44 (0) 20 7390 0230 |
Patrick d'Ancona / Finlay Thomson / Kendall 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.