Capricorn Energy plc said that Palliser Capital portfolio manager Sachin Mistry will stand for election as non-executive director at the company’s general meeting on 23 May.
The move follows a relationship agreement with Palliser and consultation by the board with “a broad range of shareholders”.
Subject to shareholder approval, Mr Mistry will join the Capricorn board from the close of the general meeting.
Multi-strategy hedge fund Palliser is one of the largest investors in Capricorn with a 10.6% shareholding.
Capricorn said that Mr Mistry would add to the board’s “oversight of the company as it advances its long-term strategic priorities” to drive the most value for shareholders.
He has more than 20 years’ investment, advisory, and financial strategy experience.
Prior to joining Palliser Capital, he was portfolio manager at LIM Advisors before which he was an executive director at Elliott Advisors for more than eight years.
The company, Palliser and Mr Mistry have entered a relationship agreement which covers “share dealings and other corporate governance matters”.