EX-1
from SC 13G/A
1 page
<page> 1 Exhibit 1 Agreement in Accordance With 17 C.F.R. Section 240.13d-1(f)(1)(iii), the Undersigned Hereby Agrees and Consents to the Filing of the Schedule 13g by First United Bancshares, Inc. on Our Behalf Regarding the Beneficial Ownership of the Common Stock of Deltic Timber, Said Stock Held in Trust Pursuant to Granted Trust Authority. First United Trust Company, N.A. By: /S/ Richard P. Clark, II Title: President & Chief Executive Officer Firstbank By: /S/ Robert McDowell Title: Executive Vice President and Trust Officer
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EX-1
from 8-K
1 page
<page> Exhibit No. 1 for Release January 14, 1999 3:30 P.M. (Cst) Deltic Timber Corporation (NYSE-DEL) Announced Today That Its Board of Directors Has Authorized the Repurchase, Initially, of Up to $10,000,000 of Its Common Stock. the Repurchases May Be Effected From Time to Time in the Open Market or in Private Transactions, Subject to Market Conditions and on Such Terms as Management Deems Appropriate. Management Anticipates That Certain of the Purchased Shares Will Be Reissued in Connection With Exercises of Stock Options. Mr. Ron L. Pearce, President and Chief Executive Officer, Said "Our Potential Investment in Deltic's Common Stock, Which We Consider to Be in the Best Interest of Our Long-Term Investors, Reflects Our Confidence in the Company's Future and Our Commitment to Enhancing Shareholder Value. the Purchases Will Be Financed From Available Cash Flow and Existing Debt Facilities." "We Are Convinced That the Current Price of Deltic's Common Stock Does Not Reflect the True Value of Our Company, Both Currently and After Consideration of Its Long-Term Prospects," Commented Mr. Robert C. Nolan, Chairman. "The Repurchase of Shares Is an Attractive Investment Opportunity and Will Not Inhibit Our Strategic Objectives to Continue to Grow the Business," He Added. Statements Made in This Press Release Which Look Forward in Time Involve Risk and Uncertainties and Are Forward-Looking Statements Within the Meaning of the Private Securities Litigation Reform Act of 1995. Actual Results of the Stock Repurchase Program May Differ Significantly and Materially From Management's Expectations. for Example, Deltic May Not Repurchase Any Shares or May Not Repurchase the Entire Amount It Expects to Acquire, Due to a Number of Factors, Including the Prices at Which Such Shares May Be Acquired and the Possibility That Other Opportunities May Arise Which Represent More Attractive Vehicles to Enhance Shareholder Value
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EX-1
from 8-K
1 page
<page> Exhibit No. 1 [Logo and Letterhead of Deltic Timber Appears Here] - For Release: August 26, 1998 Immediately El Dorado, Arkansas. Deltic Timber Corporation (NYSE-DEL) Announced Today That Its Wholly-Owned Subsidiary, Deltic Timber Purchasers, Inc., Has Closed the Previously Announced Acquisition of Approximately 16,300 Acres of Strategically Located Timberland in Bradley, Columbia, Dallas and Union Counties, Arkansas From Rii Timberland Partners I, L.P. Consideration Paid for the Lands Totaled $45.7 Million. Funds for the Transaction Were Accessed Through the Company's Existing Credit Facility. Ron L. Pearce, President and Chief Executive Officer, Commented, "The Company's Cruises Reveal That the Lands Are Well-Stocked With Mature Pine Sawtimber. All of the Lands Fit Well With Our Existing Operations, With Much of the Acreage Contiguous to Existing Company Lands. From a Forestry Perspective This Acquisition Will Enhance the Company's Flexibility in Maximizing the Value of Its Timberlands in South Arkansas, and Enable the Company to Significantly Increase Its Harvest Levels." Robert C. Nolan, Chairman of the Board, Noted, "The Company's Board of Directors Is Very Pleased With This Purchase, and With the Accomplishments of the Company's Timberland Acquisition Program. So Far in 1998, Over 30,000 Acres Have Been Closed or Are Under Contract. Since Its Inception in Late 1996, Over 57,500 Acres Have Been Acquired, at an Average Per Acre Price of About $1,300, Bringing the Company's Total Timberland Ownership to Approximately 400,000 Acres."
12/34/56
EX-1
from 8-K
1 page
<page> Exhibit No. 1 [Deltic Timber Corporation Letterhead Appears Here] News Release December 18, 1997 3:30 (Cst) Deltic Timber Corporation (NYSE-DEL) Today Issued $30 Million of 7.54 Percent Cumulative Mandatory Redeemable Preferred Equity ("The Preferred") to the Prudential Insurance Company of America ("Prudential"). the Preferred Is Redeemable on December 31, 2002 at Par Value. Dividends Are Cumulative and Payable Quarterly Beginning March 15, 1998. President and Chief Executive Officer, Ron L. Pearce, Commented, "We Are Pleased to Have Prudential as a Shareholder and Appreciate the Confidence They Have in Our Business Plan. This Confidence Is Evidenced by Their Subscription to Our Entire $30 Million Preferred Issue." Chairman of the Board, Robert C. Nolan Said, "This Equity Issue Will Facilitate Continuation of the Growth Strategy We Enumerated Before Investors at the Time of Our Spin Off From Murphy Oil Corporation Almost One Year Ago. as an Independent Public Company Deltic Is Better Able to Access the Capital Markets Than as a Subsidiary. Proceeds Will Be Utilized to Fund Deltic's Ongoing Timberland Acquisition Program Which Has Added Over 29,000 Acres Since Its Inception and for General Corporate Purposes." Deltic Was Assisted With This Issue by Stephens Inc. of Little Rock, Arkansas
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