Last checked at 26 May 2021 13:05
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:
Resolution | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Total votes cast** | Votes withheld** | % of issued 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 & Joint Broker) |
Tel: +44 (0) 20 3328 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 32nd Offshore Licensing Round.
Detailed information on the Company and progress to date can be accessed on the website www.delticenergy.com.