Boss, chairwoman and three directors of Capricorn Energy step down
The FTSE 250 oil explorer also postponed a vote on a proposed merger with Israeli group NewMed from 1 February to 22 February.
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The FTSE 250 oil explorer also postponed a vote on a proposed merger with Israeli group NewMed from 1 February to 22 February.
Five Board members step down from the Board with immediate effect Capricorn announces transition plan for two further Board members, including CFO, who will resign ahead of 1 February general
Capricorn has announced that the Pallister requisitioned GM will go ahead on 1 February 2023, with an adjournment of the NewMed GM, allowing a reconstituted Board to assess the proposed NewMed Combination alongside other strategic options prior to determining the recommended route forward.
Palliser has requested an EGM at Capricorn, in a bid to remove the board and scrap the proposed merger with NewMed Energy.
/PRNewswire/ -- Palliser Capital ("Palliser"), whose interests in Capricorn Energy PLC (LSE: CNE) ("Capricorn" or the "Company") make it one of the Company's...