Capricorn Energy plc granted nil-cost options over its ordinary shares of 735/143 pence each, as approved in 2017 by shareholders, to an executive director and PDMRs*. Chief executive Randy Neely, who currently has 2,107 shares, received 571,428; chief operating officer Geoff Probert (none) 428,571 and commercial director Nathan Piper (3,676) 171,428. The awards were of £1.75 per […]
Tag: Capricorn Energy plc
Capricorn committed to Egypt assets
Capricorn Energy plc remains committed to its Egypt assets as its receivables balance “increased materially” last year. SPEND In its year results, the company said it continued to progress amendments to the production sharing contract to unlock value from its assets. Chief executive Randy Neely added that in his 12 years’ experience in the country, […]
Capricorn in line for $9.5m dividend from Vedanta
Capricorn Energy said that a payment order had been issued regarding Vedanta Ltd’s $9.5 million dividend owed to Capricorn UK Holdings Ltd. The Securities and Exchange Board of India issued the order dated 12 March 2024. Vedanta, which must pay the money within 45 days of the order’s date, may challenge the order before the […]
Palliser portfolio manager to stand as Capricorn NED
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 […]
Capricorn spends £15m to date on share buyback
Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]
FPSO arrives at Sangomar oil field
Capricorn Energy plc said that the floating production storage and offloading (FPSO) facility had arrived for the Sangomar oil field development, offshore Senegal. TAX The FPSO set sail from Singapore in December 2023 while operator Woodside Energy plc still targets first production for mid-2024. Capricorn added it maintained it owned no registration duty after it […]