Business
Acquisition and Scheme Timetable Update
Rockrose Energy Limited, through its subsidiary Viaro Bidco, has provided an update on its recommended cash acquisition of Deltic Energy PLC. The scheme of arrangement, approved by Deltic shareholders on August 28, 2025, is still subject to conditions, notably the consent of the North Sea Transition Authority (NSTA) for a change in control of Deltic's North Sea exploration licenses. The NSTA has granted Viaro Bidco extensions to provide further representations regarding its concerns, with the deadline now set for February 13, 2026. Disclaimer*
About this update from Deltic Energy Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \n \n23 January 2026\n \n \nRECOMMENDED CASH ACQUISITION\n \nof\n \nDELTIC ENERGY PLC (\"Deltic\")\n \nby\n \nROCKROSE ENERGY LIMITED (\"Viaro Bidco\")\n \n(A WHOLLY-OWNED SUBSIDIARY OF VIARO ENERGY LIMITED)\n \nto be effected by means of a scheme of arrangement under\nPart 26 of the Companies Act 2006\n \nAcquisition and Scheme Timetable Update\n \n \nOn 30 June 2025, the boards of Viaro Bidco and Deltic announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Deltic (the \"Acquisition\"), to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\") which was approved by Deltic shareholders on 28 August 2025.\n \nCompletion of the Acquisition remains subject to outstanding conditions, which include, inter alia, the consent of the North Sea Transition Authority (the \"NSTA\") to a change in control of the North Sea exploration licences held by Deltic. The NSTA is the UK regulator focused, among other areas, on oil and gas exploration and production activities in the UK's North Sea.\n \nOn 18 December 2025, Deltic announced that it had been informed that Viaro Bidco had requested, and the NSTA had agreed to, an extension to the date by which the NSTA requires further representations from Viaro Bidco in order to reach a definitive conclusion in relation to concerns it has which will affect whether it will grant the proposed change of control of the licences held by Deltic and that the NSTA had agreed that this information should be provided to it by 30 January 2026. Deltic has since been informed that Viaro Bidco has requested, and the NSTA has agreed to, a further extension to the date for providing these representations until 13 February 2026.\n \nA further announcement will be made in due course.\n \nCapitalised terms used in this announcement (the \"Announcement\") shall, unless otherwise defined, have the same meanings as set out in the Scheme Document publ...