News

Deltic Energy Plc is an LSE AIM-listed North Sea exploration and production company focused on derisking and investing in high impact and low carbon exploration opportunities, which are close to existing infrastructure and offshore installations in the UK’s proven hydrocarbon basins.

NEO NEXT + is an offshore oil and gas exploration and production company operating on the United Kingdom Continental Shelf (UKCS) in the North Sea. Following a major merger between NEO Energy, Repsol UK, and TotalEnergies’ UK upstream business, it became the largest independent oil and gas producer in the UK.

On 7 May 2026, the boards of NEO NEXT+ and Deltic announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Deltic.

Publication of Scheme Document

 The Perivan shareholder communications team was delighted to work with Allenby Capital who acted as Rule 3 Adviser, Nominated Adviser and Financial Adviser and DAC Beachcroft who acted as Legal Adviser to Deltic on the Scheme and associated documents, which were successfully published and posted to qualifying shareholders on 28 May 2026.

For more information, click here.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.