Capricorn Energy plc issued details of its new board members appointed at this week’s requisitioned general meeting. None of the directors currently holds shares in the company. CHRIS COX Interim chief executive officer Chris Cox has more then 40 years’ experience in the global oil and gas upstream sector. Having held various senior roles with […]
Tag: Capricorn Energy plc
Capricorn’s new board to review company’s future
Capricorn Energy plc’s new board appointed this week is expected to undertake a comprehensive strategic review of the business and potential directions for its future. NEW BOARD In the general meeting on 1 February, which was requisitioned by shareholder Palliser Capital Master Fund, six new members of the board were appointed each with 99.2% support. […]
Capricorn senior directors leave
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 […]
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 […]