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 […]
Tag: NewMed Energy Ltd
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 […]
Capricorn-Tullow cancel proposed merger
Capricorn Energy plc and Tullow Oil plc today confirmed the cancellation of the proposed transaction for an all-share merger. STATEMENTS Capricorn said that on 29 September 2022, Tullow announced it had determined not to increase the value of its offer for Capricorn or to elect to implement its offer by way of a contractual offer. […]