Business
Statement regarding Deltic Energy plc
Statement regarding Deltic Energy plc.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 5628V\n Reabold Resources PLC\n 10 August 2020\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.\n \n \n THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\").\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n For immediate release\n \n \n \n \n \n 10 August 2020\n \n \n Reabold Resources plc\n \n \n (\"Reabold\" or the \"Company\")\n \n \n \n \n \n Statement regarding Deltic Energy plc\n \n \n \n \n \n Further to the Company's announcement of 15 July 2020, in relation to a possible all-share offer by Reabold for the entire issued and to be issued share capital of Deltic Energy plc (\"Deltic\") (the \"Possible Offer\"), Reabold announces that it does not intend to make an offer for Deltic. \n \n \n Consequently, except with the consent of the Panel on Takeovers and Mergers (the \"Panel\"), Reabold, and any person acting in concert with Reabold, is bound by the restrictions under Rule 2.8 of the Code save in the circumstances set out below.\n \n \n Under Note 2 on Rule 2.8 of the Code, Reabold, and any person acting in concert with Reabold, reserves the right to announce an offer or make or participate in an offer or possible offer for Deltic or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within six months from the date of this announcement in the following circumstances: (a) with the agreement of the Board of Deltic; (b) if any third party announces a firm intention to make an offer for Deltic; (c) if Deltic announces a \"whitewash\" proposal (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or (d) if there has been a material change of circumstances (as determined by the Panel).\n \n \n Reabold, and any person acting in concert with Reabold, reserves the right to acquire and/or offer to acquire Deltic shares or interests in Deltic shares subject to and in accordance with Rule 2.8 of ...