Capricorn Energy plc’s senior directors have left their posts and the company has postponed its general meeting (GM) on proposals to merge with Israeli firm NewMed Energy Ltd. NEW DATE The moves follow demands from shareholder Palliser Capital plc which has since December 2022 objected to Capricorn’s plans for the merger and has also called […]
Tag: Capricorn Energy plc
Capricorn offers way out of impasse with Palliser
Capricorn Energy plc has offered a new solution to its disagreements with shareholder Palliser Capital over the oil and gas company’s board members and proposed merger with Israeli firm NewMed Energy Ltd. NEW SOLUTION In another open letter today from non-executive chair Nicoletta Giadrossi on behalf of the board, Capricorn noted that in its presentation […]
Capricorn to accept ‘a number’ of Palliser nominees
Capricorn Energy said it was prepared to add a number of the nominees put forward by shareholder Palliser Capital Master Fund Ltd (32%) to its board before holding a requisitioned general meeting (GM). NOMINEES The company published its decision in an open letter dated today, 9 January, to Palliser. It follows the shareholder’s call for […]
Shareholder calls Capricorn ‘self-serving’
Palliser Capital Master Fund Ltd has urged Capricorn Energy plc to reconsider the timing of a general meeting (GM) to approve the proposed merger with NewMed Energy and Palliser’s requisitioned GM on Capricorn’s board changes. DATES Capricorn earmarked 1 February for the requisitioned GM, but the shareholder (32%) called for it to be held no […]
Capricorn stands firm on proposed NewMed merger
Capricorn Energy plc today said it remained resolute on its proposal to merge with Israeli partnership NewMed Energy Ltd. REQUISITION NOTICE The company outlined its position to shareholders in an open letter which also concerned a special dividend and the December 2022 requisition notice from Palliser Capital Master Fund Ltd. The shareholder has raised concerns […]
Capricorn investor Palliser calls for ousting of directors
Capricorn Energy plc said it had received a requisition notice from one of its investors to convene a general meeting to consider resolutions to remove certain directors of the board. DIRECTORS Palliser Capital Master Fund Ltd, which holds approximately 6% of the company, called for the removal of chief executive officer Simon Thomson, chief financial […]