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LONDON - Viaro Energy Limited announced Tuesday a correction to the number of shares included in an irrevocable undertaking related to its recommended cash acquisition of Deltic Energy Plc.
The company clarified that Lord Spencer of Alresford’s irrevocable undertaking to vote in favor of the acquisition scheme covers 2,855,357 Deltic shares, representing approximately 3.07 percent of Deltic’s ordinary share capital. This corrects the previously announced figure of 2,856,825 shares disclosed in the initial announcement on June 30.
Following this correction, Viaro Energy confirmed it has received irrevocable undertakings for a total of 17,847,772 Deltic shares, representing approximately 19.17 percent of Deltic’s ordinary share capital in issue as of July 14.
The acquisition, which was announced on June 30, is being implemented through Viaro Energy’s wholly-owned subsidiary Rockrose Energy Limited (Viaro Bidco) via a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
The transaction remains subject to customary closing conditions and regulatory approvals. According to the press release statement, no other details of the acquisition terms have changed.
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