Capricorn Energy PLC Result of Meeting (6104O)
01 February 2023 - 10:56PM
UK Regulatory
TIDMCNE
RNS Number : 6104O
Capricorn Energy PLC
01 February 2023
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 OR REGULATIONS OF THAT
JURISDICTION.
THIS IS AN ANNOUNCEMENT AND NOT AN OFFER TO SELL OR AN
INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES NOR A
CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS AND
PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON
THE BASIS OF ITS CONTENTS.
FOR IMMEDIATE RELEASE 1 February 2023
CAPRICORN ENERGY PLC ("Capricorn" or the "Company")
Adjournment of general meeting for shareholder vote on the
Company's proposed combination (the "Combination") with NewMed
Energy Limited Partnership ("NewMed") (the "Combination GM") and
changes to the Board of directors of the Company
The Company hereby announces that the Combination GM opened at
9.00 a.m. (London time) earlier today and has been adjourned to 22
February 2023, at a time and location to be announced in due
course. This adjournment has been made with the consent of those
present and entitled to vote at the Combination GM.
To best enable the process of Board reconstitution and as
anticipated in the Company's announcement on 24 January 2023, Keith
Lough and James Smith resigned from their roles as Board directors
following the Combination GM, each resignation taking place with
immediate effect.
The Palliser requisitioned general meeting on Board composition
will go ahead at 2.00 p.m. this afternoon and a further
announcement on Board reconstitution will be made following this
meeting.
Confirmation of Cancellation of Share Premium Account
Additionally, further to the Shareholder vote which took place
on 15 December 2022 approving the cancellation of the Company's
share premium account (the "Cancellation"), the Cancellation
received the required confirmation from the Court of Session on
Friday 27 January and was registered with the Registrar of
Companies (and therefore took effect) on 31 January 2023.
Enquiries to :
Analysts / Investors
David Nisbet, Corporate Affairs Tel: 0131 475
3000
Media
Jonathan Milne/Linda Bain, Corporate Affairs Tel: 0131 475
3000
Patrick Handley, David Litterick Tel: 0207 404
Brunswick Group LLP 5959
Disclaimers This announcement has been issued by and is the sole
responsibility of Capricorn. The information contained in this
announcement is for information purposes only and does not purport
to be complete. The information in this announcement is subject to
change. This announcement has been prepared in accordance with
English law, the UK Market Abuse Regulation and the Disclosure
Guidance and Transparency Rules and Listing Rules of the FCA.
Information disclosed may not be the same as that which would have
been prepared in accordance with the laws of jurisdictions outside
England.
Takeover Code disclosure
In accordance with Rule 26.1 of the Code, a copy of this
announcement and certain other documents required to be published
pursuant to Rule 26 of the Code will be available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at www.capricornenergy.com by no later than 12 noon
(London time) on the business day following the date of this
announcement. The content of the website referred to in this
announcement is not incorporated into and does not form part of
this announcement. Statements of estimated cost savings and
synergies relate to future actions and circumstances which, by
their nature, involve risks, uncertainties and contingencies. As a
result, any cost savings and synergies referred to may not be
achieved, may be achieved later or sooner than estimated, or those
achieved could be materially different from those estimated. No
statement in this document should be construed as a profit forecast
or interpreted to mean that the combined group's earnings in the
first full year following implementation of the Combination, or in
any subsequent period, would necessarily match or be greater than
or be less than those of NewMed or Capricorn for the relevant
preceding financial period or any other period.
Additional Information
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation, or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and
conditions of any offer, including details of how it may be
accepted. The distribution of this announcement in jurisdictions
other than the United Kingdom and the availability of any offer to
shareholders of Capricorn who are not resident in the United
Kingdom may be affected by the laws of relevant jurisdictions.
Therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom or shareholders of
Capricorn who are not resident in the United Kingdom should inform
themselves about, and observe any applicable requirements. Any
failure to comply with the restrictions may constitute a violation
of the securities law of any such jurisdiction.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
For further information on Capricorn please see: www.capricornenergy.com .
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END
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